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Author Topic: 2021-02-02 Forbes - Bitcoin Is Not Money—Yet  (Read 277 times)
yhiaali3
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February 28, 2021, 08:23:34 PM
 #21

It is not easy to move from era to era, and it is also not easy to move from a political or economic system to a new one, Bitcoin is a transition from an economic era to a new economic era, from the era of banking and centralization to the era of decentralization and privacy, it will not be easy Those who control the old regime to leave all of this without resistance. They are trying with all their might to preserve their ancient heritage.
So it is not at all surprising to find hundreds of articles acknowledging the power and popularity of Bitcoin, but in the end they say that this is a bubble or that its volatile prices will not make it acceptable globally or that it is not money in the first place.

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March 01, 2021, 09:57:03 AM
 #22

most countries are protecting their local currencies by not defining Crypto currencies as currencies.... they define it as a Commodity. Their reason for this is simple, if it is a commodity... then it cannot be a threat to their Fiat currency.  Roll Eyes

The problem with that is this... Commodities can also be a currency. Take Forex trading for instance... you trade "currencies" as a Cmmodity, but you still use it as a currency.  Roll Eyes

Money didn't exist thousands of years ago. The whole concept of currencies/money developed from people bartering with commodities. One commodity tended to become the most popular to barter with, for a variety of reasons. Traders started to use a different word to describe that most-popular bartering item, and so we ended up with something called "money".

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March 01, 2021, 01:00:04 PM
 #23

we are in 2021 where several places accept bitcoin as a payment method and little by little bitcoin will no longer be just something to do Hodl

Rakuten's customers can now use Bitcoin for shopping

Mastercard announces support for crypto on its network

it's a matter of time for all countries in the world to use bitcoin as a payment method

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March 05, 2021, 08:25:48 AM
 #24

It needs to be really accepted and used as unit of account / exchange

just exchange it always back to fiat - not really money

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March 28, 2021, 10:04:16 AM
 #25

These articles are just thin air, especially Forbes, where articles can be easily bought for driving traffic to your webpage.

They are not trying to write the objective situation as it is , but are writing more what they think people will read and like. BTC is a hot topic and they are just throwing together an artcile for them to read. For example, how do they know that people is buying BTC becasue they dont trust goverment? Most people buy it for the future potential.

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