That's why the US can't use bitcoin as the government currency
Oct 29, 2024 | by cs | Suppose people in the government listen to those idiots who write in X something like this “Just use bitcoin” or “You need bitcoin!” and accept bitcoin as the official currency
Suppose people in the government listen to those idiots who write in X something like this “Just use bitcoin” or “You need bitcoin!” and accept bitcoin as the official currency
What's going to happen in the near future? Of course bitcoin will skyrocket by a few tens of percent, then maybe there will be protests, the rednecks will not be happy, also the prices of other cryptocurrencies will also skyrocket, many other things will happen, but that's not important, the minn article is about why bitcoin CANNOT be the currency of the U.S, so now it's about that
So why, as you could read above bitcoin will start to rise a lot and that means that those who have large volumes (that's those who mined a lot of bitcoins in 2011), what they will do right is sell, if people sell then the price will collapse, also there is a chance that even Satoshi Nakamoto will start to sell his bitcoins, if that happens then the US economy will be over
Fortunately that won't happen, those who could make bitcoin the currency of the US are either too smart not to or too old to know what bitcoin is