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0 sats \ 0 replies \ @ala 9 Apr \ parent \ on: Brazil’s government-run payments system has become dominant bitcoin
Plus: No fees
I don't expect to be annoying here, but I clearly understand that the term free, in this context, means everyone can go to a medical center and be attended without providing an account or a credit card. Obviously people are paying for that, but not only the person who is in the hospital. So, in some sense, it is "free"... But doctors are being paid, hospital location, equipment.... In Brazil you will never receive a bill for the ambulance or the surgery you made in public system.
I will talk about the second point.
If I want to buy a house and I cannot afford it, I will wait till I have the money OR, till the price falls and I can afford with my savings. Maybe I'll buy the house next year when the price drops a little more or buy a bigger house. Why wouldn't I buy the house if I really desire to? Well, maybe I will just live for rent and no problem too.
We already live this situation with smartphones... Each day they're getting cheaper and we are buying them. It is a stimulus to the companies make them better. Anyone, nowadays can afford a great mobile phone even with a few bucks.... Imagine a world where anyone can buy a GOOD house, even with a few bucks. Maybe that is not the best analogy, but it is definitely the point to understand a deflationary currency world.
We are so used to an inflationary currency world that a deflationary is a paradigm break...
I don't believe people will cash out in the DAY bitcoin reaches 1 million. It really does not make sense. Price raising is gradual, full of downs. It is like the frog being boiled.... There is no "people cashing out and going into consumerism". People are cashing out when they have to use money or they want to. Again, the reality is that Bitcoin is a success. ETFs are the evidences. Just stack and be happy. Bitcoin is Money. Anyone does whatever he/she wants.