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