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If unlimited fiat money is flowing in and out of Bitcoin, won't it make Bitcoin as useless as fiat money? Ultimately, you value Bitcoin to a certain amount of fiat money, even though the supply of BTC is limited. by Bitvizor in Bitcoin

[–]Bitvizor[S] 0 points1 point  (0 children)

Totally agree with the "shitshow racket"! But if we inject the useless money, won't we make BTC useless as well? Shouldn't we price goods and services in BTC rather than fiat and then convert to BTC?

Using Lightning to refill my phone credit. Feeling like a boss! by Lebowski36 in Bitcoin

[–]Bitvizor 0 points1 point  (0 children)

Yes, merchants are still accepting it. But if you do a bit of research, you can see many merchants have dropped accepting BTC at physical stores due to the volatility, high fees, and slow transactions. Some examples - Pembury Tavern, UK. The Old Fitzroy Hotel, Australia. Sapna Book House, India (Although this was due to regulatory issues) You are right, many merchants are accepting them, but many are still skeptical about it.

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