Quote:
Originally Posted by Gatordash
[You must be logged in to view images. Log in or Register.]
Yeah I get the philosophy behind it but its all potential uses at this point because people aren't actually using to buy food and water in Sudan or wherever. And if they were than how the hell would you price anything with the volatility being all over the place? I mean I bitch about housing prices on here all the time cause they went up 17% or whatever but Castle pointed out that its gone up 200%+ in the last 3 months.
|
https://markets.businessinsider.com/...y-storm-2021-7
Things are different out there then they are here by a long shot, you're not thinking about market volatility when you're spending 10 cents a day.
It's not financially viable for VISA or traditional banking to bring currency and the benefits that provides to these areas for that price point, but it IS financially viable for someone there to setup a bitcoin exchange there without requiring the infrastructure VISA would require to do that.
Now a goatherder, has not only a bank account, but investments and savings.
There are 10s of thousands of stable companies offering these services all over the world, giving BC huge gains each time they open up. And there's room for 10s of millions more!
It's infinitely valuable to the poor and when we realize how much better it is actively making the world its going to hit 100k a coin no problem.