Replying to Avatar West Major

Okay I’ve got another question (thank you to everyone helping me learn here). Maybe this is a stupid question.

Is the goal or one of the goals amongst the bitcoin community to eventually get to a world where everyone uses it - day to day - for every transaction? Your employer pays you with bitcoin, you buy your groceries with bitcoin, you rent Netflix movies with bitcoin?

When that happens, what does the price of bitcoin look like day to day? Is it more stable? Or will it still be down 5% one day, up 20% the next?
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Jay 9mo ago

Yes. It would be more stable in value at that point, yes.

But the most important part is that freeloading bankers can't collude to make more of it. So they can't magically steal wealth from everyone else like they do now.

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