~snip~
If you truly understood how Bitcoin works, or even considered it, then you would definitely understand that there is NO need for Bitcoin to be "Legal Tender" to be used as a currency.
That's the essence of Bitcoin. It doesn't need any approval, it doesn't need permission, from any governing entity to be used for transacting with one another.
If you truly understood how Bitcoin works, or even considered it, then you would definitely understand that there is NO need for Bitcoin to be "Legal Tender" to be used as a currency.
That's the essence of Bitcoin. It doesn't need any approval, it doesn't need permission, from any governing entity to be used for transacting with one another.
Do you think "they" don't understand it, or do they understand it but want someone to tell them "Bitcoin is legal, use it"?
I believe that some people, especially some the newer users in BitcoinTalk, either merely forget and therefore need to be reminded, OR they haven't gotten to take interest in the basics/fundamentals of how Bitcoin technically works.
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When you look at the current state of the BTC-oriented community, you can clearly see that few people have anything against BTC being completely transferred into some kind of digital gold, strategic reserves or something similar - even if in the long term it meant that most of the ordinary people would sell sooner or later, and most of the coins would end up in the hands of various companies and powerful people.
Personally, I encourage every pleb to HODL and not let the billionaires take their Bitcoin from them for any price below seven digits. But because it's a permisionless system, and because it's their investment, then they can do what they believe is good for them. If they want to HODL, OK. If they want to use it for "coffee transactions", OK. Buying dick pics and fart sounds, OK.
