Bitcoin Forum
June 23, 2024, 09:47:24 AM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Cryptocurrency is an asset firstly and programmable secondly  (Read 89 times)
xiahui135 (OP)
Member
**
Offline Offline

Activity: 218
Merit: 11


View Profile
September 22, 2018, 12:11:04 PM
 #1

BTC is a valuable asset, and the main use case is collection. Because BTC is valuable, some people are willing to accept it as a payment. So bitcoin is only used as a payment method by a small group of people.

So as other cryptocurrency. ETH is a cryptocurrency too, and it is a programmable money. So ETH can be used in more use cases. But what matters is that, cryptocurrency is an asset firstly and programmable secondly.

So those pay enough effort to make the cryptocurrency valuable, is more likely to succeed, and a good money supply mechanism is an essential factor of a successful cryptocurrency.
itssawai
Jr. Member
*
Offline Offline

Activity: 308
Merit: 2

Look ARROUND!


View Profile WWW
September 22, 2018, 12:26:38 PM
 #2

Yes bitcoin is a cryptocurrency which is created to serve as a payment method but first and foremost important thing is programming and developing it. As you mentioned Ethereum has more use cases and can be served as a platform for dApp creation, the same thing applies to eth and all other crypto as well, first it needs a good programming, developing and research team, then it can be used as payment method, assets, dApp platform or any other use case.

ARROUND || Decentralized Augmented Reality Platform || ARROUND
Look ARROUND!
Marcel555
Jr. Member
*
Offline Offline

Activity: 252
Merit: 4


View Profile
September 22, 2018, 12:38:49 PM
 #3

Bitcoin is a digital currency. Digital means it is built on an innovative technology which in this case is the block ledger system.
The qualities of decentralizatiom, security, control, transparency gives it a value. And it's value is very subsceptible to market forces and factors so it has high volatility.
It then can be used as an asset and a form of investment.
xiahui135 (OP)
Member
**
Offline Offline

Activity: 218
Merit: 11


View Profile
September 22, 2018, 12:39:56 PM
 #4

Yes bitcoin is a cryptocurrency which is created to serve as a payment method but first and foremost important thing is programming and developing it. As you mentioned Ethereum has more use cases and can be served as a platform for dApp creation, the same thing applies to eth and all other crypto as well, first it needs a good programming, developing and research team, then it can be used as payment method, assets, dApp platform or any other use case.

No. I am not talking about developing. I mean what bitcoin can be used for. For most people, Bitcoin is a good asset and collection.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!