Post
Topic
Board Economics
Re: Bitcoin is no longer a currency
by
sportis
on 18/02/2017, 08:04:07 UTC
Bitcoin was never a currency, most of people use bitcoin as an alternate and anonymous payment method without higher transaction fees while others used bitcoin as an investment.A currency is backed by bank or solid collateral but with bitcoin there is nothing like this.

I just wanna know, if bitcoin is not a currency, and your saying its an alternate and anonymous payment. Isn't the usual things most happened the real currency we used was our country money is being used too in any mode of payment. I don't see any differences between the bitcoin and a real currency. As far as I know they are both useful in anonymous payment.

Really? you can't find any difference between bitcoin and fiat money that which you call it as real currency? Any fiat needs third party entities(banks) but bitcoin not. Is it the same? On the other side bitcoin is anonymous? Bitcoin is only 'pseudonymous' .