Post
Topic
Board Bitcoin Discussion
Re: I'm dissapointed about using bitcoin as a currency, it really should improve
by
bitcoin_purist
on 24/08/2014, 20:18:47 UTC

That's just bullshit. So you assume bitcoin will grow into infinity so that every adapter is able to make "profit"

ok lets compare bitcoin to gold
bitcoin 21mill coins
gold 175k tonnes

on comparison, based on total amount available right now. your 0.2btc is equivalent to about 92 ounces of gold (if there were all 21mill coins in circulation your 0.2btc would be 56 ounces)

so you have spend basically 56-92 ounces of the worlds gold now, rather than waiting for the public to take on bitcoin and to receive true value for your hoard,and what did you get for your spend?... very little.
That's what I'm trying to say.
It is just not going to work as a payment method for beers right now.
It's much wiser to hoard the coins and spend them after 1o years or so.

Those merchants will not see many people pay with bitcoin if everybody is hoarding.