Post
Topic
Board Economics
Re: Bitcoin is an asset or currency.
by
Zero.X
on 24/10/2017, 23:37:22 UTC
I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??


It's simply both.

Bitcoin is attractive as an asset to hold because of it's scarce nature. Bitcoin is also attractive as a currency because it's borderless, permissionless, and pretty fast and cheap (except when Roger Ver/Bitmain are spamming it).

So for some use cases like buying a VPN, bitcoin is the best currency.

I agree that it's most likely both.

An asset is something consider to have some substantial value, while a currency is a medium of exchange for goods and services.
I think it falls into both categories.