Hacker News new | past | comments | ask | show | jobs | submit login

But bitcoin needs to be transformed back into a currency at some point to use it. There is no point in a wire transfer if the person at the other end isn't going to use it.

Yes, some retailers accept bitcoin, most don't.




I always felt the dream with BTC was to trade without the need to convert back. That BTC be a competing but decentralized currency - in its own right.


Even those that do price in their local currency.


Looks like Bitcoin still hasn't achieved unit-of-account status yet, even among those who use it as a medium of exchange.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: