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RE: How a Bitcoin System is Like and Unlike a Gold Standard Or better

in #nigeria7 years ago

You said "The inelastic supply mechanism that produces price variation in Bitcoin should give pause to those who predict that Bitcoin will become a commonly accepted medium of exchange." Do you suppose that the use of bitcoin as a common medium of exchange into other cryptos and back again via various exchanges could be a wave for the future use of Cryptos overall as a medium of exchange being that all are convertible back to bitcoin and then back to local fiat in an emergency?