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What you say is true, but I don't see mass adoption anytime soon because it seems there are no essential goods and services(and perhaps more importantly complex B2B services) being bought and sold with bitcoins alone. I think it's safe to say that the majority of these vendors accepting bitcoins are turning around and converting them to USD to pay for operational costs and only a small(if any) portion of their bitcoin revenue is traded as bitcoins. It will always be that way until the large corporations that we are all beholden to, especially as businesses, accept bitcoins.

So at this point it's really an investment vehicle and a convenient method of exchange, not a replacement for fiat currencies.




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