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hootbootscoot | 4 years ago

except that bitcoin doesn't replace any traditional financial systems. in the real world, crypto holders also have banks and buy and sell cryptocurrencies with/for fiat.

very few retailers of any quality/price/repute sell physical for bitcoin, let alone denominated in fixed prices in bitcoin, even at peak hysterical hype (right now)

apples priced in bitcoin would fluctuate wildly and you wouldn't be able to count on being able to eat any given day of the week buying food denominated in bitcoin. the reality is that bitcoin is an unregulated security. It's a volatile investment and it's fluctuations make 'fiat' currencies inflation/deflation pale in comparison.

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