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Author Topic: Bitcoin is the New Economy, we are only at the very beginning  (Read 533 times)
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August 19, 2018, 10:45:48 AM

I don't think bitcoins are an economy by itself. If you say economy it is something that is produced and consumed by the people.
In bitcoins there is only a medium of exchange, nothing else. There is no economy to speak of here. The only thing bitcoins would
be in an economy is a way to pay for stuff, but it can't produce stuff, nothing goes around.

It maybe a factor im which bitcoin is not considered as economy. But as stated, it is just a beginning therefore that is why it is like this. But theres a point, maybe we can say that bitcoin is a part of economy and therefore it helps the economy to rise. Bitcoin does not need to change everything, it maybe a tool to improve things. But who knows? Bitcoin has unexpected things that may happen.

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