RE: Why I Think Paying With Bitcoin At Starbucks Is Positive News, Although I Would Never Spend Bitcoin At Starbucks

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Why I Think Paying With Bitcoin At Starbucks Is Positive News, Although I Would Never Spend Bitcoin At Starbucks

in bitcoin •  6 years ago 

I can clearly see many parallels to the Internet of Money by A. Antonopulous in this article.

He states that there will be many crypto-currencies used around the world and that there will be one (doesn't specify) that we will use as a bridge before ultimately exchanging to fiat.

The problem I have with this is that we are adding more layers. More currency exchanges are being made, which cannot be efficient in the end. It's like buying from CZK into EUR into GBP, instead of going straight from CZK to GBP. To me, it doesn't make sense. Maybe you have an explenation?

On the other hand, I can see how this would ratify Bitcoin as digital gold, being the prime Currency.

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