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RE: Bitcoin Vs Fiat Currency: Which Fails First?

in #bitcoin8 years ago

If Bitcoin loses the race to be mainstream adoptable, it will go the same way as the fiat currencies since it won't establish anything more than insignificant utility value. A store of value is built upon widespread use as a currency and by maintaining purchasing power over an extended period. Proclaiming Bitcoin to be a store of value right now is nonsense, borderline delusional behavior to justify entry into an extremely overpriced market, drawn by the promise of easy profit.