Post
Topic
Board Bitcoin Discussion
Re: Bitcoin failed as a currency
by
RealCrypto.org
on 08/05/2018, 20:29:28 UTC
We agree with the sentiment here. Once the price stabilizes people will be more apt to spend it. Right now the incentive is to hold it because the price is always rising. That's one of the reasons the US FED likes to maintain a 2% inflation rate to encourage spending which promotes economies. Too bad the USD is just a useless shitcoin with a massive premine.jk

In all seriousness, there isn't the incentive to spend bitcoin besides it's cheap transaction fees. This will change in the future like all the other past problems of bitcoin. The beauty of bitcoin is it just code that can be evolved to meet the needs of it's users through a democratic POW system. That right there gives us confidence in the future of bitcoin as a world currency or means of transferring value from one person to another.