"As long as there are opportunities to move BTC around for a couple bucks at least once every couple of months it's not a big deal if they spike out of control once and a while."
Don't be surprised that I vehemently disagree. It is predictable that when you need to move BTC around that is when it will be impossible to do so. It is always when food, fuel, or some other necessity - like funds - has suddenly become in short supply that prices go through the roof.
Thanks!
Yes, but you are operating under the assumption that Bitcoin needs to be moved in the first place.
Protocols like Thorchain show us otherwise.
We can now take out 0% no-liquidation collateralized loans with BTC.
So anyone can send $20k into the contract when the price is right.
Then they extract $10k from the loan on any chain and can move that value anywhere.
Including their bank account or into cash/gold... or even food/water.
Because it's a loan it's completely tax free.
People now have access to better deals and tools than even the biggest banks.
Bitcoin is very quickly of approaching this phase of being able to create currency out of "thin air".
You state that it has attained that capability. I suggest that like anything that can be created out of thin air, it has no value whatsoever. The appearance of value is actually a threat.
I didn't think I needed to explain the value of secured loans.
Still don't honestly.
You don't. But it's going to be difficult to convince me that BTC gaining the worst features of fiat means it got better. Not that you should bother. Looks like you're doing great while I'm avoiding victory.