Post
Topic
Board Economics
Re: Bitcoin is an asset or currency.
by
Zilonglong.bucks
on 16/01/2018, 20:41:39 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.

Thats correct. I agree with this one. Both description under bitcoin. It's an asset because it attracts investors all over the world and based on the description is it's already a nature. It's currency because  it's a acceptable, unbreakable, fast and easy transactiob., I gues bitcoin is already a international currency already that was already considered globally.