Let’s imagine Bitcoin has accomplished the unthinkable — it’s become the one true currency used for peer-to-peer payments around the world. In this Bitcoin Valhalla, let’s imagine that all non-cash payments are conducted with Bitcoin. Instead of credit cards, people whip out theifavoritete Bitcoin hardware or mobile wallets in coffee shops and hair salons across the world. Just how many of these non-cash payments would there be in this perfect world? Today, non-cash payments account for approximately 522 billion transactions per year worldwide, and that number seems to be increasing in quadratic fashion, meaning it’ll be a lot bigger by the…
Why a Bitcoin future will always end up in centralization
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