RE: Amazon Announces They Won't Accept Bitcoin Anytime Soon

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Amazon Announces They Won't Accept Bitcoin Anytime Soon

in bitcoin •  7 years ago 

Just think about the BTC total supply in satoshi. Supply itself isn't a issue. IOTA can easily grow 50 times. With a massive supply, no transaction is too small. That's probably what they were going for.

WTC is easier to implement. It's mostly just RFID+Blockchain resulting in great immediate value for businesses. WTC could easily make every retailer compete with Amazon's brick n mortar shops.

I totally agree with NEO and China. It's like the Chinese BAT. Other than NEO there is WTC, Bytom and Hcash. That's all I know about. These projects will greatly prosper as long as they bow down to China.

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Total supply is relevant when you still have the dollar as a gauge of value, its just how i personally trade. Lower supply quicker gains in value gauged against the dollar. Cloakcoin is very low total supply so it doesn't take many buying in for the the price to soar. Everybody does it differently. You can't divide Bitcoin into sats without applying the same rule to the coin you compare it to. The difference in value would stay the same. You could divide a cent into a billion if you wanted but it wouldn't effect the purchasing power of $10, its all just relative.

Perceptions does affect trading a lot. When you have a large supply and each coin only worth few cents you can see great short term gains because little bit of money can result in 5% gains in minutes for a quick cash in.