;) it's a cute concept, but there will always be fiat, and there will always be exchange-trading and speculation, and with hard cap money that will be more profitable than buying stuff
Yep, but the trade back to fiat will be so small compared to the overall transactions. It won't affect anything.
I don't drink. That's why I never lose an argument. You can't defend your opinion with what I said, so you come up with this statement. It's perfectly clear. .
one more thing.If you look back to like 2014, Bitcoin went from like 200 to 1200 in one day. Why? because there were less traders, less transactions.More transactions = less volatility
Go look at a penny stock with hardly any transactions. The BUY and the ASK are like 300% apart. But the minute many transactions start happening the Buy And ASK tighten up.
If I can't spend it everywhere. What if I go to Australia and they won't accept it. Then maybe taking 15.00 for it in Australian dollars is a good deal.
There is only 1 1849 20.00 gold coin in the Smitsonian. I guarantee you can take that 1 coin and spend it anywhere for 20.00. Why would I ever sell if for cheaper than 20.00?