this post was submitted on 22 Jul 2023
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Bitcoin

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation, corrupt bankers and politicians. With Bitcoin, you can be your own bank.

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Since BTC appreciates yoy on average, I find people less willing to spend it. What would be a good enough discount compared to fiat for a service/good? 10%? 20%? 50%?

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

I would certanly pay in Monero if that was an option, BTC is fine but with higher fees and less privacy.