Bitcoin Forum
May 14, 2024, 01:20:32 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: First come the store of value then comes the digital currency  (Read 141 times)
bitcoinsc (OP)
Jr. Member
*
Offline Offline

Activity: 439
Merit: 1


View Profile
October 06, 2018, 09:24:31 PM
 #1

Bitcoin is a store of value while technology will bring true to bitcoins white paper. How long will it takes for lightening network to arrive? That's like asking when is 5g available. At least we got segwit.

Ethereum and Uniswap.
If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715649632
Hero Member
*
Offline Offline

Posts: 1715649632

View Profile Personal Message (Offline)

Ignore
1715649632
Reply with quote  #2

1715649632
Report to moderator
1715649632
Hero Member
*
Offline Offline

Posts: 1715649632

View Profile Personal Message (Offline)

Ignore
1715649632
Reply with quote  #2

1715649632
Report to moderator
1715649632
Hero Member
*
Offline Offline

Posts: 1715649632

View Profile Personal Message (Offline)

Ignore
1715649632
Reply with quote  #2

1715649632
Report to moderator
Rath_
aka BitCryptex
Legendary
*
Offline Offline

Activity: 1876
Merit: 3131



View Profile
October 06, 2018, 09:49:04 PM
 #2

The Lightning Network is already here and it works quite well. Its number of users and nodes is constantly growing which makes it more and more usable. Once more merchants or payment gateways implement it, Bitcoin payments will become incredibly easy, fast and cheap, especially if you compare it to wire transfers or ordinary on-chain payments. I treat Bitcoin as a store of value and a currency - I don't see any reason why would it be something extraordinary.  SegWit was needed for the Lightning Network to work without many changes and its adoption is more than 50% now.
Herbert2020
Legendary
*
Offline Offline

Activity: 1946
Merit: 1137


View Profile
October 07, 2018, 06:14:04 AM
 #3

it is actually the exact opposite. bitcoin is first a currency and then people can choose to treat it like anything else they want. some treat it as a store of value, some as a short term investment to make profit from day trading, some for fun and gambling,... but from the start till the end bitcoin is a currency. you can also check out the bitcoin paper written by the creator of bitcoin (Satoshi Nakamoto) and see how he refers to bitcoin as a currency (a payment system,...).

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
Kakmakr
Legendary
*
Offline Offline

Activity: 3444
Merit: 1957

Leading Crypto Sports Betting & Casino Platform


View Profile
October 07, 2018, 07:32:38 AM
 #4

Rome was not built in a day my friend and the same is applicable to the Lightning Network. The adoption of the Lightning Network will take some time and once it takes off, Bitcoin will become the fastest and cheapest global currency in this world.

The store of value feature is a byproduct of the scaling problems and also of the speculation that was sparked from the sudden price spike in 2017.  The White paper mentions Bitcoin's primary function as being a alternative P2P payment network.  Wink

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
watchurstep45
Full Member
***
Offline Offline

Activity: 300
Merit: 100



View Profile
October 07, 2018, 10:21:04 AM
 #5

Bitcoin is a store of value while technology will bring true to bitcoins white paper. How long will it takes for lightening network to arrive? That's like asking when is 5g available. At least we got segwit.
I think if the store is coming and then the digital money is coming, it's better to have a store with instant cash because it's now very hard to use digital currency for everyone. If there is a digital store with its own money has this value for people to buy things they want to buy.
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!