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RE: Historic evening: first beer paid with SBD in Luxembourg (+ Fr)
Reminds me of a time when buying a cup of coffee or a pizza with bitcoin was exciting. Admittedly, it's probably not the same thing.
Reminds me of a time when buying a cup of coffee or a pizza with bitcoin was exciting. Admittedly, it's probably not the same thing.
Precisely! We grew much smarter since then! First of all SBD is slightly inflationary (not deflationary like BTC and ETH) and it has the stated intention of staying around $1.
Even if it's hard to keep it like that, the explicit goal of being there virtually guarantees it will not "moon" like BTC did since his early days.
To stimlate spending and consumption there were times and places when special money was issued with "demurrage" - it was losing value as times passed by so it was better to spend it (thus stimulating economic activity).
Add to that the ZERO transaction fees and the 3 seconds confirmation and it's the difference taking the train from Luxembourg to Bruxelles (+3h10 for 215 km with frequent delays and poor service) or taking the TGV from Luxembourg to Paris (2h20 for 400km, no delays, excellent service).
It's still a train but to Bruxelles I prefer to go by car whereas to Paris I prefer the TGV even though it's more expensive