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RE: Bitcoin - Last Chance to Save Humanity?
But it's adoption has nothing to do with it's price. Everyone uses pennies, but they are still only worth 1 cent.
But it's adoption has nothing to do with it's price. Everyone uses pennies, but they are still only worth 1 cent.
Right, but fiat currency is full of middle-men leeches in the middle of a debt-based economy. The adoption of decentralization, having no one in charge, massively increases the value because that value is being distributed 1000 times more fairly than it is now.
I don't understand what you're saying. Yes, one cent is worth one cent, and one hundred cents are worth a dollar. What gives value to a currency is its rate of turnover in the economy. The more people that use it as a means of exchange and the more transactions they make, the higher the value.