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Topic: CAN BTC SURVIVE WITHOUT FIAT CURRENCY ? - page 3. (Read 6513 times)

legendary
Activity: 1246
Merit: 1016
Strength in numbers
July 03, 2011, 02:55:08 PM
#3
This other time I bought coffee.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
July 03, 2011, 02:54:47 PM
#2
One time I mined a block and bough a piece of gold.
member
Activity: 70
Merit: 10
July 03, 2011, 02:45:14 PM
#1
My provocation is as follows:

Mining does not bring any sort of benefit for the individual. Therefore you need to buy using fiat money BTCs and at the end of the game someone needs to sell BTcs for fiat money. This is far from being an ecosystem that can survive outside today’s economy which is based on fiat money.
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