Let’s have a clear and open discuss on what makes some people believe bitcoin is a currency and others say it can never be a currency. What defines a currency? What would make it so that the next time I google search bitcoins price it isn’t measured in USD, it is measured in satoshis. : CryptoCurrency
Will USD all the time be round in fiat kind. What about a USD coin really backed by the federal reserve. What makes currency anyway? Imagine we drop fiat and simply use digital tokens. It makes sense to all the time have a kind of card the place mentioned digital currency is saved. Instead of $1000 USD in fiat in a visa properly we have $1000 in USD coin in visa. No one makes use of fiat anymore. This might be a actuality. Not positive why as I skim this subreddit I see a lot of hatred in direction of crypto. I am undecided if they’re trolls or from r/investing lol . The level is the zeitgeist and even the overton window will most undoubtedly shift submit COVID-19. Banks are empty and not many people are utilizing fiat due to the disaster going on. To make the case that banks hold our USD crypto is additionally laughable. Essentially there would be no want for them. With everybody having their very own pockets. The concept will not fly although as hey Mr. 60 12 months outdated with dementia simply misplaced 40ok in USD retirement as a result of he misplaced his crypto key. Overcome that little impediment and even the haters of crypto would come round. SO, possibly banks ought to stick round then huh? Keep our keys secure. Wouldn’t that work towards what crypto is speculated to be about? This is far too sophisticated for even prime economists to reply huh. I finish with what I began. I believe we’re transferring in direction of a digital age. We shall see the place issues go from right here.