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Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (203)	1/15/2018 5:41:57 AM
From: FJB	Read Replies (1) \| Respond to of 7593

You just have to find someone willing to take the Bitcoin for a physical good, like a house. "house bought with bitcoin" yields 3.8 million hits on google. I concur it is pretty crazy.

To: Sam who wrote (203)	1/15/2018 1:48:14 PM
From: w0z	Read Replies (2) \| Respond to of 7593

10k bitcoin ($140M @ $14k each) are 0.06% of current daily trading volume ( $238B). Exchanging bitcoin directly for goods and services makes no more sense than exchanging gold directly for goods and services. Rather than a "stable" currency, the goal was to make a currency that could not be debased by governments. Its popularity is a testament to the distrust people have in today's runaway government money printing (e.g. Zimbabwe, Venezuela...and yes, even the USA). Bitcoin today is more perceived as a store of value than an actual currency that is exchanged for goods and services. There are coins aimed at that purpose but their transactions will be much faster and have much lower fees (some even zero) than using bitcoin, which is both slow and expensive.