I'm only curious as to when this sort of pure BTC-trade market would arise? A safe bet is that it'll occur sometime when the coin reaches a larger userbase, and if then, it will still need to prove it's value beyond how we've traditionally pegged all trade value at BTC. By the time it makes it's way into every economically viable nook-and-cranny, the value of BTC will have probably risen so that we start trading on the base value of 0.01 or possibly lower.
Again, this would not eradicate exchanges. With taxes still requiring a person's fiat income, then there will be no true incentive to produce goods and services to keep the Bitcoinomy alive. Because effectively, we need fiat in our country to live.
If someone doesn't mind, however, the life of a rummaging self-sustained recluse, then they could probably make a healthy living buying liquidation bulk and selling it off for BTC with which to trade for fiat to sustain themselves.
So really, until the ability to sustain ones self on the BTC alone is feasible, a true all-encompassing economy will just not exist. Sorry to say that, even as much as I like the idea behind the bitcoin, there's just no way I could do anything with it besides small-scale trade. All products we get with bitcoin ATM, still have some form of fiat involved. There's just no way. (not now, anyway! Forgot to reiterate that
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These are just my ideas on the situation. Agree or disagree on some of it if you will, but one has to admit that the coin is still stuck at the airport due to bad weather.
Again, this would not eradicate exchanges. With taxes still requiring a person's fiat income, then there will be no true incentive to produce goods and services to keep the Bitcoinomy alive. Because effectively, we need fiat in our country to live.
If someone doesn't mind, however, the life of a rummaging self-sustained recluse, then they could probably make a healthy living buying liquidation bulk and selling it off for BTC with which to trade for fiat to sustain themselves.
So really, until the ability to sustain ones self on the BTC alone is feasible, a true all-encompassing economy will just not exist. Sorry to say that, even as much as I like the idea behind the bitcoin, there's just no way I could do anything with it besides small-scale trade. All products we get with bitcoin ATM, still have some form of fiat involved. There's just no way. (not now, anyway! Forgot to reiterate that
)These are just my ideas on the situation. Agree or disagree on some of it if you will, but one has to admit that the coin is still stuck at the airport due to bad weather.