Post
Topic
Board Economics
Re: Do you really believe in bitcoin as a currency?
by
Julesp
on 01/12/2013, 02:20:53 UTC
Do you really believe in bitcoin as a currency?

Yes.

Huge part of my believe doesn't actually come from the bitcoin itself, but the disbelief of the current fiat-money and especially the banking system.

Banking system itself has so many negative things that are straightforwardly harming people and their usage of currency.

Just to mention a few:
  • Slow as hell when transfering from one bank to another, at least one day in my country (+weekends)
  • Your assets can be frozen at will
  • The value of money is on hands of people I don't trust, such as politicians and officers of central banks

Those are just from top of my head and good enough reasons to want something better.

I do believe in bitcoin as a currency, but even more because it also works like a commodity. Most of all because of the potential that it holds. It's constantly evolving.

Not to mention the huge momentum around it: more and more people are learning about it, it's got extremely dedicated community and merchants are adapting it daily.

I do however consider the possibility of bitcoin failing in one way or another, but I firmly believe that cryptocurrencies will spawn some innovations that will in one way or another change the current, shitty system of money and banking.