Re: | STRATIS | The first blockchain developed for businesses |Full POS
It would seem not many people seem to understand the genius behind Bitcoins economics, and seem to think its mining and slow block rewards are a problem. Its the very thing that keeps Bitcoin going up in value.
So, Bitcoin is just a huge Ponzi scheme? What should be driving these prices is USAGE. Bitcoin experiences wild swings in prices, so it's still NOT being used much in the real world. I'm no economist, but the only way I see for Bitcoin to become viable is if it soars in value - to over $1 million (might be a bit too high, but it's the point that's important) - in order to kill speculation - and, at the same time, becomes as useful as real cash, so people "bank" their Bitcoins instead of selling them. I could be wrong cos I'm no expert on these matters - just wish there was more analysis and less obsessing over prices.
Don't forget to report my post, kiddies - DELETING POSTS WON'T SEND PRICES SKYROCKETING, THOUGH.
HODL! TO THE MOON! WE'LL ALL BE DRIVING LAMBOS SOON. Just threw that one in for the kiddies.
