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RE: Bitcoin Maximalists: Why you shouldn't be one

in #bitcoin9 years ago

What if Bitcoin stays as digital gold?
Like years ago the dollar was backed by gold. No one used gold to make payments but it always kept its value. Only in large transactions by central banks gold was used.
In the same way we need a new Bitcoin backed cryptocurrency for all those millions of small payments each minute. Bitcoin might stay for the large transactions and because its deflationaire by design it will keep its value.