Post
Topic
Board Economics
Re: Bitcoin is an asset or currency.
by
endut15
on 10/04/2018, 16:48:24 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 personally think that btc is good used as an asset is not used as a currency, because each country already has its own currency.