Why do people think any of this stuff is going to impact price? Isn’t the whole reason “Bitcoiners” hate the payments usecase is cause the merchant usually sells the Bitcoin so it hurts price?
Login to reply
Replies (3)
But if I replace my spend, and they actually hold a bit. It creates demand.
Payments adoption impacts price as if widespread
- privacy is improved massively
- narrative bitcoin is useless disappears
- moat becomes even bigger
- can live off bitcoin without need for fiat rails so more attractive to store it
Store of value needed for payments that reinforce store of value in a virtuous circle and it all ends (in the positive scenario) with unit of account, the last one
"Why do people think X is going to impact Y"? Surely astrology is a sufficient counterexample to all questions of that type...