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/biz/ - Business & Finance

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14764741 No.14764741 [Reply] [Original]

Its about how many bitcoins you have, not what is the fiat price of bitcoin. When you go into BTC you are betting on fiat to fail and BTC to take over so who the hell cares what is the fiat price of a BTC if fiat will no longer exist?

1 btc = 1 btc

>> No.14764778

>>14764741
BTC isn’t going to take over with transaction fees of $20 when only a tiny minority of people use it.

>> No.14764794
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14764794

>>14764778

Right, There are much better alternatives for mass adoption.

>> No.14764801

>>14764778
tx fees today do not reflect the tx fees of tomorrow, tomorrow we'll have better infrastructure

>> No.14764822

Yeah, BTC was more just a proof that a blockchain system could work, treating it as a currency just enabled the test to be really high stakes to really prove the system. BTC is a beta test for Link.

>> No.14764919
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14764919

true

>> No.14764956

>>14764778
>>14764794

Transactions fees won't matter when cross chain tech starts gaining traction. You can trade BTC right now on ETH through WBTC. But there are much better alternatives coming up. There's also stuff like the lightning network.