Post
Topic
Board Economics
Re: Why Bitcoin is not that good as currency?
by
jseverson
on 08/10/2019, 06:32:08 UTC
Well if you would have paid some attention I am the OP myself

Woops, missed that, sorry. I cut out nested quotes because they're hard to read.

I am not the one wishing for a crypto only financial system
So if you want to say that Bitcoin was not created with an intent to replace dollars then you are really mistaken.
Actually, I am not against making it a national currency or even with it but the point is if this is not the goal then what do you mean by Widespread Adoption? Because I don't see a great future with cryptos and fiats going hand in hand.

I'm confused, so let me clear things up a bit with the quotes above:

  • You don't want a crypto-only financial system because it won't work as per your example in the OP
  • You believe that crypto was created to replace dollars
  • You don't think crypto coexisting with fiat will work well in the future

The first point contradicts the second and third points unless the ultimate point you're driving is that: only one of Bitcoin or fiat can stay, and Bitcoin staying won't work. Are you basically saying, like your title asked, that Bitcoin is just not that good of a currency?