Bitcoin Forum

bitcoin is meant to be a digital cash peer to peer. not really a digital gold where everyone mentions. as for now people use bitcoin as digital gold and store of value because its easy storage. the world is ready for a one world currency? acceptable every where with your hand held phone? too early most customers would not hold their phone to pay. what about 50 year old whose not tech saavy. still speculative you would not know. for me it acts as a store of value. will it give me roi i hope so.

Bitcoin is not digital cash also! I think, you should read and learn many thing about what is cryptocurrencies! Bitcoin is a cryptocurrency, it is not the same thing with digital cash! Digital cash can create by banks and it is only number on your bank account! Cryptocurrencies are different. They have a special algortyhm. Bestly, you start to read this forum carefully!

by digital cash i meant peer to peer electronic cash

for those who are 50 years old it is not expected to know about bitcoin because of the influence of age and their memories of the bitcoin, only we are still young who must understand more about bitcoin even though there are many turbulences that we do not want.

Bitcoin is just a part of the entire Blockchain tech.. It is a decentralized peer to peer cryptocurrency. But, the good side of the concept is the ability to back it by real life exchangeable material.. meaning, it can be used to tokenize precious materials, like Gold price.
This way, it is decentralized & has an equivalent, concrete value too. Now we are talking "Tokenized Precious Metals". The current Gigzi project is an example of this model ..aiming at solving the volatility in cryptocurrency price, with 3 pillars: Advanced wallet, Exchange to tokenized assets, and Treasury to store precious metals..

I think in the future btc and all the cryptos will upgrade to something for the naive, where there is no technical knowledge required, there can be many services and features brought into crypto like wallet linked cards or something even more advanced like hardware wallet from where anyone holding that wallet will be able to shop and buy anything with it, such service will be easier for even the common man to use and pay.

There is already a difficult question, but of course I would answer it that it is better to use BTC as a means of payment, but I can also say that today BTC does not have that much speed because I just don’t understand how it could be otherwise.

We actually don't know what satoshi was thinking about bitcoin. With its ever decreasing production and limited supply, it was nearly sure to analyze it would be a digital gold. And I think satoshi was aware of it. But he never mentioned any solutions for this holding problem, satoshi wants to play this way.

Almost the whole world knows that there is bitcoin. But about 70-80 percent have no idea how to use it. And now, due to the price reduction by almost 90%, interest will fall even more. So widespread distribution will have to wait a very long time.

Without LN Bitcoin is too slow for being used as cash. Nobody will wait in line after you at the grocery store until your payment gets confirmed.
Bitcoin is limited supply, unlike the fiat you use daily and it's printed/replaced quite a lot. Dogecoin tried the infinite supply paradigm to stay closer to the meaning of cash, but it's price is .. bad.

On the other hand Bitcoin was/is seen as an investment device (and that's why its price matters) or as store of value and that's why some started calling it "digital gold".

Satoshi is still alive and could we direct this question to him? *lol
Satoshi was creating bitcoin when the economics were collapse and he was thinking if this could be a solution for the centralized economic system. Read more about the history of bitcoin to know more about satoshi's vision.

Bitcoin has certainly changed over the years.
It was originally intended to be a way for people to make transactions peer to peer without a regulating authority.
A ecosystem where you can get rid of the middleman because the mathmatical algorhtythms 100% ensure trust.
This was satoshi's way to have people bypass governement regulation or people out to make a cut of the profit and allow people to interact person to person.

It wasn't really proven to be useful as currency until the famous pizza purchase.
But even after that, it was regulated to more niche uses like on the darkweb or for techies.
It became a profitable commodity until it crashed a couple of years ago.

Now it is used as a store of value.
Certainly, it will change some more in the future?

But if you are an investor, it plays into your hands. Take a moment and buy, because now bitcoin is very cheap!

Yes, you are completely right, it is possible that most people can really invest very well now, when the amount for BTC or for any other project would be very low. Invest now, because then it will be too late.