Paying for stuff with crypto

Discussion in 'Crypto Assets' started by Ed48, Apr 4, 2023.

  1. Doesn't the whole premise then give you a bit of pause?
     
    #11     May 6, 2025
  2. johnarb

    johnarb

    In what way? That was the market price of bitcoin at the time

    When Laszlo made the offer on bitcointalk, there were replies saying they could get slightly better price in IRC market place

    The mindset at the time was to spread adoption, I came in much later but message was still the same to spend the bitcoin and buy back the same amount or more

    This encouraged merchants to adopt bitcoin as a payment method

    Of course now that bitcoin is widely adopted that we can buy just about anything with it, no one wants to spend bitcoin anymore,
     
    #12     May 6, 2025
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    #13     May 6, 2025
  4. johnarb

    johnarb

    Gresham's law

    Gold and silver (coins) used to be spent, now they are in vaults
     
    #14     May 6, 2025