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Bitcoin is about to die (www.barrons.com)

posted 3 years ago by Traps4GME 3 years ago by Traps4GME +11 / -1

Bitcoin Is on Its ‘Last Gasp’ Before Irrelevance, ECB Officials Say

Bitcoin's demise was baked in far before the collapse of crypto exchange FTX, and digital assets are merely a speculative bubble, the central bankers said.

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– Vlad_The_Impaler 0 points 3 years ago +1 / -1

Good points.

I'd argue that I can request my employer pay me in bitcoin. he saves payroll taxes, UI insurance, etc. It saves him money.

I get paid in bitcoin.

With bitcoin I can transact with other people who utilize bitcoin.

But you are right. It is doubtful the electric company or water company or cellphone company or internet company is going to accept my bitcoin.

My argument for that is to go off grid as much as possible.

Also, I can transact in both currencies. I can slowly try to transition more and more of my life to bitcoin. It doesn't have to be all at once.

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