Post
Topic
Board Bitcoin Discussion
Re: Roger Ver and blocksize
by
Oceat
on 12/06/2016, 08:34:32 UTC
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.