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706d
Bitcoin Is Cash. #Bitcoin #BCH #Crypto #BTC #BSV #Cash
replied 706d
though with the volatility it's doesn't work very well as cash IMO
Fnuller15
replied 706d
That is why the payment processors that converts crypto to fiat is still the most popular for most merchants today.
In theory crypto should become more stable when adoption grows
Fnuller15
replied 706d
Eventually, more merchants will choose to price items in BCH/Crypto and not convert it all to fiat if adoption grows enough.
replied 706d
that's true. but no one will hold crypto in a bear market and in a bull market they don't want to spend it. Stable currencies are needed before this experiment can succeed if you....
replied 706d
When people are buying crypto as it rises, they are choosing not to hold dollars in the dollar bear market.
replied 706d
I think this will not happen in the near future. Though it's good to have both. We have dollars on the blockchain already. Just not a scalable one.
replied 706d
... ask me
Fnuller15
replied 706d
But stablecoins are pointless imo. They lack the unique selling point of bitcoin, namely limited supply and scarcicity. Why not just use fiat then?
replied 706d
When there are fiat priced bonds issued with SLP, stable coins can be used to pay intrest on-chain.
replied 706d
I have got a roadmap for BCH.
0. Using SLP issue fiat priced bonds, stocks and etc.
1. Using SLP issue stable coin to support interest / dividend payment.
2. BCH become price currency.
replied 706d
Is this being worked on right now?
replied 706d
no...
replied 706d
Okay 😀 but good idea