Post
Topic
Board Altcoin Discussion
Re: Do you think "iamnotback" really has the" Bitcoin killer"?
by
Traxo
on 16/05/2018, 05:27:40 UTC

I don't know who is "Bitcoin Killer" but the other dude sure mastered the art of walltexting. I read a couple messages of his and i agreed in general but walling and walling message after message i'm just tired of scrolling down, so i had no choice but ignore him.



He asked me to ask you if you also fail to comprehend this:

https://steemit.com/programming/@anonymint/c-is-not-a-low-level-programming-language


Oops, I didn't take the time to read all 12 pages, but regarding the financial elite turning off financial transfers in a doomsday scenario, thus forcing miners to turn off their machines, why wouldn't the electric provider accept Bitcoin or litecoin as payment for their service?



As of today, everyone who wants to spend BTC in the general economy pretty much has to convert it to fiat first because 99.9% of the entities in the world do not accept it.
So fiat is still in control for the moment.
This may change someday, but who knows how many decades in future that will be.
The electricity provider would at this time only accept BTC if they know they can convert it to fiat to pay their employees, investors, bills, suppliers, etc..
Is it really that difficult to understand? Should be obvious no?