Quote from: dooglus on June 11, 2016, 06:27:03 AM

Quote from: Cuntabula on June 10, 2016, 01:00:16 PM

It's certainly not a storage of wealth (which is a weird concept, you can't store an abstraction like "wealth" any more than you can store "love" or "respect"), but it is a payment system. It was a payment system long before credit cards and electronic payment processors, long before commercial use of electricity Undecided

There are payment systems which use the US dollar, but the US dollar itself is not a payment system.

So the bitcoin is both a currency and the payment system. That is very convenient for the bitcoin holders.