epeakin
I know some places like [Overstock.com](https://Overstock.com) accept bitcoin as a payment method, but it still shows the order price in $ USD. Will everything eventually be shown in bitcoin and replace other currencies like the US dollar? I’d think that it would become extremely confusing to learn this entirely new conversion. I think what makes it difficult to grasp is the decimal value. For example, $10 USD is about 0.00020 Bitcoin. A $250,000 house would be almost 5.1 bitcoins. I just don’t see how people would be able to adapt to the exchange anytime soon.
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Sorry for the dumb question. I am new to crypto haha.
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Never.
BTC will be your collateral to open a LOC or borrow a lump sum in whatever country you’re in. You won’t use BTC for daily transactions (at least in its current form). In the US, it is classified as property and not a currency.
Infinity years.
In some countries a cup of coffee is 2500 of their money. In other countries it’s 2.50 of their money. OMG how can they adapt between these price labels!?
The eleventy seventh day of never. Not for the reasons you list which are silly. Bitcoin doesn’t have to replace all the world currencies to have value.
Think in sats, $10 is roughly 20,000 sats, much easier.
Realistically, I think of cryptocurrency being used as a global payment once we establish a colony on Mars… Who knows how long that’ll take.
It’s like asking how long before email replaces the postal system. It won’t, it’ll exist alongside it though.
Eight
It could still be USD or some other USD equivalent but based on a crypto coin. Stablecoin is like this.
Depends on how fast the fiat currencies get ‘printed’ to zero.