Post
Topic
Board Economics
Re: Bank of Korea's research on crypto and FIAT currency
by
cpfreeplz
on 29/04/2017, 02:14:48 UTC
However, security or trust issues – the decentralization of digital currency and the absence of insurance provided by governmental authorities – may prevent digital currency from being used as a store of value. Instead, digital currency may be used as a medium of exchange dominantly.

Do you agree with this research result?



Not at all. The majority of people I know that use bitcoins don't spend them ever or rarely spend them. I don't have anywhere local that accepts bitcoins and I don't trust online stores that accept them, so it's almost exclusively a store of value for me.