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RE: Why Bitcoin will fail (and it's not because of what they say in the mainstream media)

in #bitcoin7 years ago

Interesting point but : Although bitcoin is deflationary, like gold... people still sell gold, and currency was backed by gold for a long time and people still traded it for goods.

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That's true. If BTC can find some stability, that is, not huge fluctuations in value, it will become more likely to be used as a currency.