Re:Visa, Mastercard, Stripe, and eBay exit Facebook’s Libra ...
by rmilejczz on Friday October 11, 2019 @07:07PM
(#21229248)
I feel like you’re reasoning is biased, I’ve seen cocaine usage for adults 18-25 reported around 0.8% to 2.0%, and it sustains an illegal industry. I unfortunately have no figures on bitcoin participation and couldn’t find anything decent when searching on mobile, but I imagine it would be a similar niche.
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Re:Visa, Mastercard, Stripe, and eBay exit Facebook’s Libra ...
by rocqua on Saturday October 12, 2019 @07:41AM
(#21232272)
Bitcoin, at the moment, isn't used as a currency. Nor is it very viable as one. Instead, it is a store of value, much like gold.
Using something as a store of value has much less of a scale requirement. You only need a few people that will be willing to exchange your Bitcoin into something else in order for it to work as savings / an investment. Whereas a currency requires multiple places where you buy goods to accept it. Moreover, those places only really have a reason to accept a currency if multiple customers would use that currency.