Post
Topic
Board Bitcoin Discussion
Re: If the virtual currency does not have a payment function, what does it mean?
by
guschin
on 10/03/2018, 10:56:34 UTC
If there is too much public opinion about a thing, then most of this thing has a demon.
If everyone wants to make money through the blockchain, it means that the chances of making money are no longer great. The redistribution of wealth has never been to everyone's share. Calm down and think carefully. The virtual currency that is now being favored by the public is represented by Bitcoin. If there is no payment function, what meaning does it have in addition to speculation? Why is the use of blockchain technology all talked about is not focused on the application of virtual currency in retail payment?

I am also not big fan of this thing called "store value". This store value should be based on real life application of that thing in case bitcoins. Suppose, you are going to buy a company. How will you determine the appropriate price for it ? It is based on average monthly earning for last few months, presence of other competitors, future growth possible in that sector. You will not pay $10000 for a company just because everyone calls it amazing. Same should be with bitcoins, if it has to be valuable for long term, it should be known for being the most commonly used payment medium and not an investment option.