Post
Topic
Board Economics
Re: Bitcoin is an asset or currency.
by
CODE200
on 30/10/2017, 17:29:35 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 also se bitcoin as both currency and an asset for investments and in business. Because it could serve as a new form of transaction that could imply faster and reliable way of transaction for people who want to have a better way of transaction at the same time to earn and to have profit in the future , for investments and business.