Quote:
Originally Posted by ZipZap
What's interesting to me, is that even when you decide to "cash out", at this point you still need to go back to the paper standard. When will BC be accepted at enough general locations to justify the value?
|
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.