Why would Walmart or Amazon accept Bytecoin if no one used it? Notice that Wordpress and Reddit started accepting Bitcoin AFTER it was starting to become popular...
Fiat: perhaps you misunderstood, but fiat money derives its value FROM the government edict. Bitcoin and PMs do not. And what's this jargon about competitors? We don't need government shutting down competitors, identical or not! As far as their monetary properties are concerned, Gold and Silver are identical... so why is one valued so much more per oz? Maybe gov't should just protect you from that copycat, silver, and declare that it isn't of any value.
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