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RE: Jack Dorsey: "Bitcoin will eventually be the currency of the internet"

in #bitcoin7 years ago (edited)

Bitcoin has (already) been "the currency of the internet", or at least 1 of its top 2, depending on where the internet is used, but it will not be the case in 2022, because there are already currencies with better properties in existence.

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Dollars/fiat currencies still vastly outpace bitcoin transactions performed online. I think he is saying that bitcoin will be used for just about every online transaction or payment within the next 10 years.

Because Bitcoin is still a shit currency and always was.
In the beginning, like every other cryptocurrency that I know about, it could either be (pre)mined, or bought from miners whom got it for free or for cheap.
Now buying Bitcoin is financing this closed club, or the petrochemical aristocracy, while also slow.

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