Re:Why I want Bitcoin to die in a fire
by jessaustin on Wednesday December 18, 2013 @03:51PM
(#6930627)
...imagine a world where Bitcoin is the only currency.
Such a world does not exist and never will. Bitcoin is not designed to be the only currency on Earth, if in fact it may be considered a currency at all. It's also not the first asset ever to appreciate in value. For instance, the price of oil rose sharply during the 1970s. Did grocery store investors all decide to pull out of the lucrative grocery sector and go all-in on oil? How did we eat?
Such a world does not exist and never will. Bitcoin is not designed to be the only currency on Earth, if in fact it may be considered a currency at all. It's also not the first asset ever to appreciate in value. For instance, the price of oil rose sharply during the 1970s. Did grocery store investors all decide to pull out of the lucrative grocery sector and go all-in on oil? How did we eat?