Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as money
by
CryptoSmile
on 05/03/2018, 10:22:07 UTC
They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?

That's what the original vision of Satoshi, to used bitcoin as digital currency without third party involved. However, in the last couple of years, bitcoin has become a investment platform like store of wealth for big investors.

Of course I would like it to be like cash that we can used for our everyday lives, sadly though its not yet realized but I'm still positive that we can achieved that in the future.

So let see how it goes specially with Lightning Network already in the horizon. You can open channels from A to B and transaction will be quick and seamless.
Bitcoin has been regarded as digital currency and accepted in several countries in the wolrd. The more suitable word to use is digital asset with high value. It can be used as Investment instrument but in some countries it is banned because can influence the stability of the local currency . It can not be used as payment method or economic transaction. It should be used as alternative payment instrument for non cash transaction. When bitcoin holders want to use it for paying something, it must converted to local currency first.