Re: Why Bitcoin is ultimately doomed to fail (not today or tomorrow)
And still Bitcoin is never legal tender any where, so never a currency any where (unless possibly we have anonymity and don't pay the taxes).
If we repeat it 16 more times, you will still continue your nonsense posts.
If we repeat it 16 more times, you will still continue your nonsense posts.
If people keep using it as a currency then it will become a legal tender everywhere. If noone uses bitcoins to buy staff then no authority will declare bitcoins as real money...
Why would authorities want to drop their fiat currencies in favor of bitcoin?
Why would you ask something like that? Who said anything about dropping fiat currencies
I don't know about countries (maybe there are some indeed) where more than one currency was declared as legal tender nowadays. If we proceed from your assumption that some state would establish bitcoin as legal tender, we might as well expect establishing bitcoin instead of its today's legal tender (fiat currency), right? If you assume that some government would set bitcoin as second legal tender on par with fiat currency, then Gresham's law would inevitably kick in, so why would they?
Or, are you misusing the term legal tender too?