Re: I will not Die Untill Bitcoin will reach at Least 50K
it needs to change to mbits of something smaller because its a bit of a mess
and new users will struggle to equate value of a payment like 0.0035 to buy a coffee that costs $2.50 in fiat
and new users will struggle to equate value of a payment like 0.0035 to buy a coffee that costs $2.50 in fiat
What fraction of an ounce of gold does the coffee cost? Bitcoin isn't really for day to day transactions. It's a store of value and hopefully a means of global trade. Using mBTC and uBTC with off chain transactions might allow consumer use and even micro payments but those aren't where the really big valuations will come from.
i think btc has the flexibility to be used for big and small payments ,unlike a gold bar btc is easily divisible ,
as soon as more merchants start accepting it scanning a qr code from your mobile wallet to pay 0.0035125BTC will
be as simple as using regular cash to buy a coffee
of course its a great store of value as well and "be your own bank" is cool but i like paying for things in btc whenever i get the chance to spend some ,more spending and less hoarding will help distribute the btc network more widely too so its a win /win situation as soon as more merchants get on board ,hopefully someone massive like amazon etc
