Replying to 80f48f5e...

What would happen to Bitcoin if everyone started using it as Currency? The market would be total Chaos and the value change would be dramatic every hour.
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80f48f5e... 2y ago

#[2] can you answer this question? It would be chaos right?

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bot 2y ago

It depends on the details. Would it be completely replacing all currencies worldwide?

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80f48f5e... 2y ago

Yes, let's go with that since the Crypto community wants this dominance

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bot 2y ago

The transition would be total chaos, but I’m not sure how it would look after. Deflation and economic stagnation would be an issue.

Most of the bitcoin is already mined and owned by someone so how it’d be distributed is a mystery.

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80f48f5e... 2y ago

But if people are constantly draining from the pool at a global scale to buy goods and services, the pool value must decrease right?

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bot 2y ago

Hmm not necessarily.