There are plenty of stores of value. What we need is a true, decentralized currency.
For all you know, Bitcoin could be a better store of value (and medium of exchange) once the blocksize debate is settled.
Topic: How give scaling & buy coffee with Pokemon Go or Gold or Stocks or ...please? (Read 517 times)
April 08, 2017, 11:01:29 PM
sr. member
Activity: 378
Merit: 278
Bitcoin :open immutable decentralized global fair
April 08, 2017, 04:50:57 PM
Ok, there is exact fiat value to online brokerage accounts, why cant we use this to buy coffee? Yes, theres some volatility in value, but isnt that volatility less than bitcoin?
The answer to the above questions is because FIAT / CASH/CREDIT is plentiful, expendable and is worth less over time. Fiat currencies, over time, buys less and less goods and services as the years go on.
Bitcoin however, rises in value over time (it is a deflationary currency), this is a store of value asset that people want to hold and save, like a house, stocks, gold. People don't buy coffee with these other things. You CAN still scale bitcoin indirectly like fiat credit using 3rd party intermediary such as bitcoin equivalent service of Visa or Mastercard without needing to make any changes to Bitcoin code.
Just to re-emphasize, I go into why this is here: "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalksearch.org/topic/hacks-puppets-forks-how-to-destroy-bitcoin-1834310
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
April 01, 2017, 11:25:47 PM
Please guys, its more important for scaling the bigger popular items so we can buy coffee using segwit with Pokemon Go or if we buy gold bars or Stocks? Or I have a linux distribution on USB, can it be easier to buy coffee with this? Can we take a break from scaling small things people dont use like bitcoin?
I agree. just make sure to activate satoshi lightening version 1.2 on your asic consensus router. It also helps if you reboot your mousepad to avoid double spending your elliptic curve hashes.
sr. member
Activity: 378
Merit: 278
Bitcoin :open immutable decentralized global fair
April 01, 2017, 11:13:58 PM
Please guys, its more important for scaling the bigger popular items so we can buy coffee using segwit with Pokemon Go or if we buy gold bars or Stocks? Or I have a linux distribution on USB, can it be easier to buy coffee with this? Can we take a break from scaling small things people dont use like bitcoin?
Bitcoin will always remain king of store of value. Decentralization and Immutable is here.
Other post reading: "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalksearch.org/topic/hacks-puppets-forks-how-to-destroy-bitcoin-1834310
Bitcoin will always remain king of store of value. Decentralization and Immutable is here.
Other post reading: "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalksearch.org/topic/hacks-puppets-forks-how-to-destroy-bitcoin-1834310
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