One day, we’ll just call Bitcoin ‘money,’ says crypto veteran


“The key here is to bring sound money to the people,” Samson Mow, chief strategy officer of Blockstream said in a video interview. “Now, when they’re earning a dollar in Bitcoin, they’re getting the same hard currency and finite amount of currency that Michael Saylor would get when he invests billions into Bitcoin.”

Bitcoin can be a superior currency to existing fiat money, only if the network is able to support micro-transactions. That’s been a challenge, particularly in recent months — in April, average Bitcoin transaction fees topped US$60.

“When you’re spending, you don’t want to pay a dollar for buying your groceries and then pay another dollar to pay for your [transaction fee],” Mow said.

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