Post
Topic
Board Economics
Re: Can bitcoin help the world's unbanked?
by
yayayo
on 07/07/2015, 22:46:47 UTC
I 100% Agree whith u but for this happen is very important that a micro economy  base BTC to be created but I see some problems in this:

1. The number of people who know about biticoins is not very big and it is important people undestand BTC for Start aceptin and using.

I don't understand this point - Bitcoin started with zero acceptance. If something is useful it will be adopted.

2. BTC is a currency that has a lot of volatility and this for a Micro economy is not a good factor.

It's still better than many national currencies in the developing nations which suffer from high inflation that is guaranteed to happen. Also, volatility would be much less a problem in a Bitcoin-only economy.

3. Accept BTC is very simple however as to pay merchants suppliers would have to sell BTC which would generate a great demand for sale which can cause prices suffer a devaluation.

That makes no sense at all. For every seller there's a buyer. Why would there be more selling? All coins that are sold have been bought before. If more people use Bitcoin, it will rise in value regardless how it's used, because a limited number of Bitcoin is distributed among a rising number of people.

ya.ya.yo!