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vnnbot
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July 05, 2018, 10:09:22 PM |
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in principle, this function is good. in bitcoins, you can make international payments, as well as paying a freelancer for the work done; this is the purchase on the largest sites and hundreds of stores. Even if there are no bitcoins in your country, you can easily play with it in gambling, make sports bets and use for trading on stock exchanges. after all, in fact, bitcoin is an opportunity to spend money anonymously and quickly.
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kotajikikox
Full Member
 Offline
Activity: 2380
Merit: 207
★Bitvest.io★ Play Plinko or Invest!
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July 05, 2018, 10:15:14 PM |
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Successful currencies meet three criteria:
(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.
Most sovereign currencies fully meet all three criteria.
What about Bitcoin?
What do you mean have a doubt bitcoin are not meet the criteria as currency, i thunk your wrong the most important of bitcoin as currency is useful for easy transactions and gives better loves to the peoples. And because as decentralized cryptocurrency bitcoin are not under of any givernment institutions to control as crurrency thats the reason want bitcoin to be regulated. |
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maraclariss14
Member
Offline
Activity: 234
Merit: 10
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July 05, 2018, 11:55:59 PM |
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in principle, this function is good. in bitcoins, you can make international payments, as well as paying a freelancer for the work done; this is the purchase on the largest sites and hundreds of stores. Even if there are no bitcoins in your country, you can easily play with it in gambling, make sports bets and use for trading on stock exchanges. after all, in fact, bitcoin is an opportunity to spend money anonymously and quickly.
Yes Bitcoin has a lot to offer, it functions as good as the other currencies, it is also a good source of income in so many ways, it just need to be accepted by other countries so that it can be used as a permanent currency. |
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IndigoRed
Jr. Member
Offline
Activity: 196
Merit: 1
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July 06, 2018, 12:22:59 AM |
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Bitcoin is better than our normal currency. Why? It was designed to be better. One of its main advantages is that fact that is 100% uncensorable. With normal currency, a bank can freeze your account and so you don't can't use that money. But with bitcoin, it's more of like an untraceable cash. You should always be able to spend and use it.
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Scripture
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July 06, 2018, 02:31:45 AM |
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I guess bitcoin functions well in terms of being a currency. Proven that there are establishments, online shops or restaurants who already accepts bitcoin as a mode of payment. Other countries are still developing their cryptocurrency as a real currency and soon will establish their own.
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[ProTrader]
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July 06, 2018, 03:56:54 PM |
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Successful currencies meet three criteria:
(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.
Most sovereign currencies fully meet all three criteria.
What about Bitcoin?
That is the definition of currency when fiat currency was invented but if you go back to the history, currency have its own definition that is totally opposite with your description. As the years go by, the currency definition evolves. |
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radjie
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July 06, 2018, 06:05:14 PM |
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bitcoin is not widely used as a medium of exchange in most countries, but bitcoin almost has the same properties as currency because it has a very valuable value. but in general bitcoin can not be felt because of its existence that is not real and only in the form of digital numbers. however, bitcoin has a very important role for every country because it can make it easier for users to do all transactions from anywhere.
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Yatsan
Legendary
Offline
Activity: 2394
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
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July 08, 2018, 05:42:49 AM |
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Successful currencies meet three criteria:
(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.
Most sovereign currencies fully meet all three criteria.
What about Bitcoin?
As per this criteria, the bitcoin will probably stepping forward onto it. Just a little acceptance from the government and with the help of investors by persuading more and more investors to use this as a medium of exchange. Moreover, if it is approved to different countries, the value will be stable. It is not the bitcoin itself but also with help of people using it. |
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Mozi moon
Newbie
Offline
Activity: 30
Merit: 0
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July 08, 2018, 10:37:46 AM |
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These criterias might be outdated. who knows maybe in 10 years there will be some changes to them?
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warwar
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July 08, 2018, 10:42:02 AM |
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in principle, this function is good. in bitcoins, you can make international payments, as well as paying a freelancer for the work done; this is the purchase on the largest sites and hundreds of stores. Even if there are no bitcoins in your country, you can easily play with it in gambling, make sports bets and use for trading on stock exchanges. after all, in fact, bitcoin is an opportunity to spend money anonymously and quickly.
Yes Bitcoin has a lot to offer, it functions as good as the other currencies, it is also a good source of income in so many ways, it just need to be accepted by other countries so that it can be used as a permanent currency. way back last year we tend to say that it is good to pay using bitcoin but right now this time the fees are getting bigger though you only need to send small amount of it , yes there are physical store but it is not really good to pay using bitcoin when you are in the next of the store because it takes a lot of fees so best is pay it with cash, regarding with those freelancer or other things like gambling , it is best to pay bitcoin although it high fees but your sending it to other person that is far from your , that is the only option that is accessible. |
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jj6080801
Newbie
Offline
Activity: 28
Merit: 0
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July 08, 2018, 10:46:23 AM |
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Successful currencies meet three criteria:
(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.
Most sovereign currencies fully meet all three criteria.
What about Bitcoin?
Well as a matter of first importance bitcoin isn't acknowledged everywhere throughout the world and furthermore more often than not they don't acknowledge bitcoin as a strategy for installment. The utilization of bitcoin is private parts of shops. Bitcoin has a great rate yet I will differ of your stabled cost there. Since bitcoin is never steady in any case it is continually fluctuating and expanding as time passes by and you can't evacuate this reality about bitcoin and this is the thing that makes it unsafe as a money. |
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PeRo
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July 08, 2018, 10:51:30 AM |
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It does match with the requirements, except the stable store value. Bitcoin would be a great digital currency if it wasn't used as an investment. Because it is used like that we can't have a stable price and everyone who wants to earn money is using it as an asset. Bitcoin probably wont ever be a perfect currency since it is being used more and more as an investment and we can't help it.
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kukurikapu
Member
Offline
Activity: 134
Merit: 18
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July 08, 2018, 12:16:49 PM |
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Successful currencies meet three criteria:
(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.
Most sovereign currencies fully meet all three criteria.
What about Bitcoin?
I think bitcoin is consistent and keeping up with other altcoins. It is steadily and continuously growing. It gives us better opportunity with the price. |
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uozer
Full Member
Offline
Activity: 381
Merit: 100
PRiVCY
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July 09, 2018, 09:49:29 AM |
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Bitcoin had not yet actually meet the Criteria of becoming A real currency even if one of the sole objectives of Satoshi Nakamoto is also for Bitcoin to be generally accepted as currency at par with Fiat or even better than with alluring and accepted features.
I can only perceive that Bitcoin is just at it's early stages in life which is also steadily growing to meet up with its objective of being initiated. We can not however compare the existence of Fiat currencies over Donkey years to that of New Bitcoin. But it is a good store of value presently on line.
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Belec
Member
Offline
Activity: 140
Merit: 15
★777Coin.com★ Fun BTC Casino!
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July 09, 2018, 01:23:44 PM |
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It has done a good job for right now,as a currency I think it's one of the best crypto currency on the internet.I know there are people who disagree,for me and all btc users I think bitcoin is a good currency.
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developno1
Newbie
Offline
Activity: 29
Merit: 0
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July 14, 2018, 02:27:36 AM |
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We must understand that it is becoming more common every day and the reason for unrest is more FUD news. If the definition is based only on the reason you mentioned above, then I think bitcoin is not equal to what the world wants.
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Anhmai
Newbie
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Activity: 124
Merit: 0
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July 14, 2018, 03:06:04 AM |
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That is the definition of the classic, fiat. Bitcoin is considered by consumers to be a kind of asset rather than a mere monopoly. It is a commodity of any value. It is used to make profits through price fluctuations. Its price is like gold and oil. But the frequency of fluctuations and price fluctuations are extremely large
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Allan Ramanda
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July 14, 2018, 03:36:31 AM |
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Successful currencies meet three criteria:
(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.
Most sovereign currencies fully meet all three criteria.
What about Bitcoin?
for me bitcoin is not a currency, but bitcoin is equal to gold that can be traded or traded in fiat currency. for example in my country bitcoin is prohibited by the government, so bitcoin for me only assets that have high value if in fiat currency exchange. |
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Raggie
Member
Offline
Activity: 462
Merit: 10
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July 14, 2018, 06:29:59 AM |
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Successful currencies meet three criteria:
(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.
Most sovereign currencies fully meet all three criteria.
What about Bitcoin?
I think bitcoin as a currency is still far to go. bitcoin need to become a stable in its price in the market. the transaction speed of bitcoin is not good too, need to be developed more. |
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fndsr
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July 14, 2018, 08:17:48 PM |
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Successful currencies meet three criteria:
(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.
Most sovereign currencies fully meet all three criteria.
What about Bitcoin?
for now in my country bitcoin can not meet these three criteria because in my country bitcoin has not been recognized by the government as an applicable currency and can be officially used for proper currency applicable |
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