Post
Topic
Board Bitcoin Discussion
Re: What to make bitcoin a popular payment method?
by
YNAGS Team
on 24/07/2018, 11:43:02 UTC

For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.
Bitcoin should become more stable in order to be a popular method of payment. Technically, cryptocurrencies are not money, but information blocks. Their value isn`t tied to any economy of the world, and the trade and support of digital cash are carried out constantly.