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Dart18
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July 23, 2018, 01:26:18 AM |
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First of all currency is what we need to make trades faster.
Bitcoin upgraded that with the use of internet. Now, we can do transactions online by the use of bitcoin. We just need to wait for merchants to accept it. I see a lot of companies are still in doubt but somehow they will also upgrade. Instead of creating their own coin it will be easier to use the trusted one.
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PETES
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July 23, 2018, 01:33:06 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?
But bitcoin is not meet the criteria in your point (3). The value of bitcoin is not stable, not only bitcoin but the entire crypto. If cryptocurrency stabilize in the future, maybe it can replace the fiat currency in the world. For now, we use crypto as an asset more than as a currency. I agree and the essence of bitcoin as being a currency had lost somehow because people perceive this too much as their greater assets. Maybe before bitcoin doesn't have good value, they use this as a currency like for payment for online purchases but as the value appreciates they realize it is wise to use this as their assets. And besides, I don't want to see bitcoin having a stable price and will end up like a fiat. |
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pakhitheboss
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July 23, 2018, 02:10:50 AM |
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First of all the Sucessful Currency that you are reffering to are mostly FIAT Currency.
Most of them do not use encryption techniques that are used to regulate the generation of units of currency and verify the transfer of funds. They are minted by the respective Central Bank and they are the only one who control/verify the transfer of funds.
Bitcoin is a Digital asset/currency that has a significant value when converted to FIAT. You do not always require FIAT to buy Bitcoin but you can always convert it to FIAT So, it is not right to judge Bitcoin based on the Three criterias
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Ava Duvall
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Activity: 154
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July 23, 2018, 08:05:40 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 would say it qualifies to be called a currency and it has been functioning with this criteria for a while now. |
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developno1
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July 23, 2018, 09:36:57 AM |
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Bitcoin transactions are really fast and cheap. Besides, Bitcoin can give you control over your money
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zahwaaja123
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July 23, 2018, 09:47:34 AM |
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in my opinion bitcoin can not be called currency, because some countries still have not legalized bitcoin.
but, in digital currency. bitcoin succeeded in picking up enthusiasts from different countries. very likely if bitcoin will be used as currency, if profitable and easier for many people.
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thangthoa
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July 23, 2018, 09:50:50 AM |
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Bitcoin is no exception. To be able to stand up for a long time, bitcoin needs to have new ideas
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Tigorss
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July 23, 2018, 09:54:43 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?
if it is said to be good bitcoin is very good, but if it says bad bitcoin can be very bad, can be a means of exchange and investment but the lack of bitcoin also be a very big consideration so there must be a set. |
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Argoo
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#SWGT PRE-SALE IS LIVE
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July 23, 2018, 07:58:25 PM |
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It will take some more time before btc is recognized a real currency. As of now, it's just a store of value, which is totally fine. I don't mind btc being recognized as only a store or value..just look at gold.
It seems that bitcoin will remain a store for storing valuables. Its use as a digital currency is very limited and this is the biggest problem for bitcoin, since it separates it from other crypto currencies, it will gradually lose the quality of a digital currency. As soon as this happens, it will lose value, and with it the value store will turn into a store of unnecessary relics. |
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Snaic
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July 24, 2018, 09:10:58 PM |
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Who owns situations about the crypto currency market, can say that bitcoin is very poorly performing as long as its function as a means of payment, that is, as digital money. This is all due to the fact that bitcoin from the very beginning was used as a means of accumulating value, when it began to grow rapidly in value. This continues to the present day and, most likely, it is unlikely that this will change in this regard in the near future. In general, this is very bad.
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Diced90
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July 24, 2018, 09:14:15 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?
My opinion on bitcoin is the only true digital currency, which today continues to increase the intensity of its use. But what you say in this post, I think the world wants from the bitcoin, can not be the same and must be different. Bitcoin has it's own strategy. I think so far BTC is slowly increasing its medium exchange base and although its not quite stable for various reasons it does however hold a lot of value. With that said, BTC is nearing the digital currency. |
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fosco333
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July 25, 2018, 03:19:34 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 still not very well done in cryptocurrency world. Bitcoin often used as an investment instrument, or trading. You can see the volume of bitcoin in the exchange, it is very huge. I think this is because many peoples trades bitcoin. |
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Fujiati
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Ethernity CLOUD
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July 27, 2018, 02:35:54 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?
in my opinion, as a bitcoin digital currency has provided a great service and made us all satisfied with the results. I think bitcoin has met all the criteria you gave above. unfortunately bitcoin can not be a real currency because bitcoin has not been legalized and the journey is still long. |
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kemonojim
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July 29, 2018, 06:26:36 PM |
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Bitcoin is not yet ideal for everyday life, using crypto to instill the habit of using cryptocurrency as a payment system, it will take quite a while because cryptocurrency is currently under development.
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sensimilia
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July 30, 2018, 08:28:54 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?
Bitcoin is still on the way to be most popular payment method in the world. So we all need to wait some period of time to look for the best future. This or opportunities can be created in one moment. |
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hoamoclan
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July 31, 2018, 08:31:24 AM |
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Bitcoin is used for payment like a currency. Bitcoin is also used for transaction, its service is really and safe
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dante golo
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July 31, 2018, 09:49:08 AM |
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I think it still needs a more mature consideration when bitcoin is used as a transaction tool in the future because with a form that is difficult to recognize makes a person tend to reject it and learning about bitcoin needs to be done in order to facilitate someone to do various transactions.
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Opera1p
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July 31, 2018, 10:02:03 AM |
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Bitcoin Is not a currency but works as a currency.... Bitcoin is use for a transation in which company in to currency...
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Bumblecoin
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July 31, 2018, 10:05:22 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?
Today bitcoin is not yet so usable just as the fiat money is. It is just good for investments. It is true that bitcoin does not yet meet the criteria given above but surely bitcoin has helped a lot of people in its own ways. |
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giacatluong
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July 31, 2018, 10:38:11 AM |
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Bitcoin is a currency, on the other, Bitcoin is also a distribution network (peer to peer) currency transfer. You can send Bitcoin directly to another person without intermediary, ultra low fees, even zero.
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