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JTHipster · 4034 days ago · link · · parent · post: John Quiggin: The Bitcoin Bubble and a Bad Hypothesis
I won't be using bitcoin until I can walk down the street and use it to pay for a cup of coffee. Electronic goods and programs are luxuries. Food it not. I can't eat a bitcoin, and I can't trust it to be accepted by grocery stores. I can trust a dollar to be accepted by a store, and worst case scenario, I can use the dollar as a mildly expensive wallpaper.