Post
Topic
Board Economics
Re: Bitcoin as a Medium of Exchange
by
CoPil
on 09/01/2018, 00:00:01 UTC
Many true Bitcoin enthusiasts actually prefer to use Bitcoin as a medium of exchange. They aren’t interested in investment or speculation or trying to sell at a profit.
Instead, they see Bitcoin as a way to engage in free association of trade without the need for governments to regulate the exchange. With Bitcoin, it’s possible to pay for goods and services instantly by transferring the digital money straight from your wallet to someone else’s digital wallet.

Yes that is actually true. I think the main reason why Bitcoin is created is for the free association of trade. No taxes lies from a decentralized currency. It it convenient to use since it is digital. There are many things that we can do about Bitcoin. Unfortunately some use it for scams and crimes. Illegal transactions at the dark web etc.