Quote:
Originally Posted by Dan47
That's what I see too and if it ever gets to a point where it challenges the dollar, I think the gov't will outlaw it. If it wins against the government, something better will replace it. It's too slow as a medium of exchange and clearly too volatile to be a store of value at the moment.
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I get that I can't spend my stock shares at the grocery store, but I can almost immediately exchange the shares for currency that I can spend at the grocery store. I understand bitcoin, but I'm having a hard time seeing where the payoff will be.