Why does bitcoin need to: "absorb the total global economy" ? Credit cards don't account for the global economy and still are successful.
If you had done you research about bitcoin, you would know that is an almost exact quote of Satoshi Nakamoto, and one of the most famous ones.
That is not me making this stuff up. Just paraphrasing the man who created bitcoin.
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So again, the creator of Bitcoin has stated on record - written statement that BTC will either gobble up the whole of global economy or fail and cease to exist. The middle ground does not exist according to Satoshi Nakamoto. You may argue with me, but this is not me just making up things it is the quote / paraphrase of Satoshi's statement. This is one of the most important statements about bitcoin and yet everybody wants to avoid any talk about it.
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I'm sorry but Satoshi never said "absorb the total global economy". He rather said "I'm sure that in 20 years there will either be very large transaction volume or no volume".
Source :
https://bitcointalk.org/index.php?topic=48.msg329#msg329This is COMPLETELY different...