CNN
I of course don’t like that the founder has become rich (off nothing really) and the cumbersome transaction issues as previously noted as well.
In my opinion, the best way to get a cryptocurrency to take hold would be for Walmart to design one and start paying their employees with it. They’re the largest employer in the US, they’re in urban and rural areas, they’re at very low risk of collapsing, and they sell almost everything a person needs…to the point where anyone not working for Walmart would gladly accept payment in their currency. That’s how you start a boring, non-government driven currency (if you care to do such a thing).
I was thinking about this and your video, and I’m convinced the limited number of bitcoin is going to contribute to its demise. It limits the economy’s ability to grow due to higher productivity…or requires the economy to go outside of bitcoin to find additional currency.You might be over complicating it. There are only 21m bitcoin, but each bitcoin is composed of 100m sats, and as far as I know it cannot be divided any further than that. Just like a dollar has 100 cents in it.
I of course don’t like that the founder has become rich (off nothing really) and the cumbersome transaction issues as previously noted as well.
In my opinion, the best way to get a cryptocurrency to take hold would be for Walmart to design one and start paying their employees with it. They’re the largest employer in the US, they’re in urban and rural areas, they’re at very low risk of collapsing, and they sell almost everything a person needs…to the point where anyone not working for Walmart would gladly accept payment in their currency. That’s how you start a boring, non-government driven currency (if you care to do such a thing).