TahToh on Nostr: once bitcoin value goes to zero, it will go a long way if it just ...
once bitcoin value goes to zero, it will go a long way if it just rebranded/restructured itself as payment transfer system rather than a "currency".
there's no reason why bitcoin should have these ridiculous valuations. User loads fiat 1-for-1 into Bitcoin system which allows them to transfer to others for goods and services. Receivers keep the bitcoin or offload back into fiat. Bitcoin miners collect a transactions processing fee for facilitating the transaction.
Published at
2024-03-08 12:46:17Event JSON
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"content": "once bitcoin value goes to zero, it will go a long way if it just rebranded/restructured itself as payment transfer system rather than a \"currency\". \n\nthere's no reason why bitcoin should have these ridiculous valuations. User loads fiat 1-for-1 into Bitcoin system which allows them to transfer to others for goods and services. Receivers keep the bitcoin or offload back into fiat. Bitcoin miners collect a transactions processing fee for facilitating the transaction.",
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