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Originally Posted by Buccofan86
No, just no.
Ask any sportsbook how many Bitcoin deposits and payouts they process per day. Can I bet over 0.5?
Literally a billion dollars of Bitcoin trades take place every day just on exchanges. How is that hoarding?
Again, this barely has an effect. People purchase bitcoins, and the betting exchange sells them right away after they are deposited. Because they are volatile as hell. So let's say that $200 billion is being used this way, and on average within a week the bitcoins are deposited in a gambling exchange. The exchange sells them right away for USD. That supports a $3.8 billion market cap.
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Nice to see inflation hasn't hurt standards of living in Venezuela, as well.
Nobody in here disputed that 400% inflation in a year isn't bad. We basically made that point that 2% inflation a year is healthy, because it encourages investing. Nobody disputes that 400% inflation is bad.
And despite that, they are using USD and not bitcoin!
And I am putting your dumbass on ignore now, arguing with you is like going around in circles.