Post
Topic
Board Bitcoin Discussion
Re: Will it make sense if someone turned bitcoin into paper money?
by
TheGodFather
on 25/02/2018, 13:52:27 UTC
Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today?  I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?

The hardest part of trying to articulate here is that people are actually using cryptocurrency and then when they have enough profit garnered then they would be able to encash it. WHIch would give them larger capital and then they would try again with the same method. This are all signs that bitcoin are dependent too in some extent to the paper money