Re:Dutch official calls for complete ban on Bitcoin
by imtringued on Friday June 11, 2021 @09:45AM
(#27473227)
Yeah, boring argument. Fiat currency depends on acceptance.
Cryptocurrency does too but the problem is that the size of the economy that accepts Bitcoin as payment is absolutely tiny. You have to exchange your Bitcoin to fiat first before you can buy anything, which means Bitcoin will just end up driving more USD acceptance.
Cryptocurrency does too but the problem is that the size of the economy that accepts Bitcoin as payment is absolutely tiny. You have to exchange your Bitcoin to fiat first before you can buy anything, which means Bitcoin will just end up driving more USD acceptance.