From all of the anti-bitcoin arguments against it not being a proper currency that i've heard (and trust me i've read TONS) im yet to see a single one that justifies such claim. Every single claims end up being a critique of how it lacks intrinsic value or how it lacks a proper marketcap to be less volatile, both already refuted.
Ok. Let me ask why do we want it to be a currency? Maybe you are looking for credibility? But if all the arguments or critique have already been refuted in your opinion why is bitcoin still only used for gambling and speculative trading and not as a currency? What's stopping it if it's such a panacea?
IF you can buy shit with it it s a currency. Why do we want it to be a currency? Because it's arguably the only fair and not corrupt one. Not sure where you get all that bitcoin is used for is trading or gambling either.
To buy shit you do not need currency. You can buy shit with gold, a promissory note, or smokes if one is in jail. Bitcoin has some characteristics of currency in particular it's a medium of exchange. The only intinsinc value that it has is based on the fact that it is a pretty good medium of exchange but it would be nothing of there was nothing to exchange it for.
If we say that it is not a currency than regulators of this would let it be, if we continue on the path of enchuching onto the hegemony of USD they will shut it down. All they have to do is to say it's illegal and it would be game over for bitcoin.
Using smokes is bartering, not buying something. Gold isn't really a valid currency because it is not easily divisible. How do I buy a pack of smokes with a gold bullion? I can't. But wait, I can buy them with bitcoin. Why are you not making the same arguments against fiat? Is that not a currency too?T he gov are not going to shut it down. They'll regulate it because they want to tax it and if people are using it a a currency - which they are - then they're not going to leave it alone so everyone can just have their money to launder or use without having to pay taxes on it. Bitcoin is a currency so stop posting rubbish or half-assedly trolling.
I could guarantee you that you would find more people how would accept a piece of gold before they would accept a bitcoin. Following your logic, gold is currency...
And a lot more people would accept smoke since this is the most used "currency" in jails around the world.
Thanks for the argument
So, until bitcoin reaches the same level of acceptance it's NOT a currency Huh? Since when is a currency only a currency when many accept it? Will you accept money form a country far away? Surely not. But it's still a currency. If you are in the country where the money is from then you might accept it. And when you are at a bitcoin conference then you surely will pay with bitcoins too.
Why do you invent reasons why bitcoin is not a currency?