Post
Topic
Board Economics
Re: WHY 21 MILLION BITCOIN CANNOT SERVE THE WHOLE WORLD
by
o_e_l_e_o
on 24/08/2019, 07:12:50 UTC
If that relates to you as adoption, I think you have to reconsider your perspective
I wasn't using that as an argument to say adoption is widespread; I was using that as argument that people spend their bitcoins. And I spend bitcoin directly with merchants who accept them several times a week. Incidentally, one of these merchants is a local small business who I spoke to about using bitcoin several times, and now they do. If you want to see adoption, then go out and create demand for it.

And the next bottom line in this series of posts is that whenever given a choice, people will hoard their coins and spend fiat instead (as per famous Gresham's Law).
Totally incorrect. If given the choice, I would pay with bitcoin 10 times out of 10.

I think the issue here is that you are assuming that everyone is a holder like you, who is only interested in accumulating more. There are also plenty of people like me who are keen to spend their coins and support bitcoin's growth whenever possible.