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RE: What Gives Cryptocurrencies Their Value

in #bitcoin7 years ago

This article brings up a huge point: People complain about bitcoin being slow and expensive. When compared to the banks, it is lightening quick and cheap.

I like the idea of looking not at transactions but the amount transacted. This is where the action is. Look at the percentage of credit cards....it is nothing. Let something else worry about that. Most money moved is in larger volumes and through banks. That is the sweet spot for Bitcoin. It is not to move $190 for a cup of coffee but to move a companies payroll for its overseas subsidiary.

Thanks as always for the post.