Bitcoin's low number of transactions may make it less suitable for daily transaction. It does not matter. “Bitcoin as store of value” Is what matters.
Like gold coins, Bitcoin is simply too valuable to be used in daily transactions. There is no reason that we will ever need to use Bitcoin to buy a cup of coffee. That transaction size is handled fine by Visa or in the future, central bank digital currencies (“FedCoin”) may provide the main payment rails for the financial system.
357
1.44K reads
CURATED FROM
IDEAS CURATED BY
Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.
The idea is part of this collection:
Learn more about crypto with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
Related collections
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates