Post
Topic
Board Bitcoin Discussion
Re: What to make bitcoin a popular payment method?
by
sheenshane
on 24/07/2018, 12:15:30 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.
First, I saw this post on the first page on the thread mate you are a great plagiarism.

It is impossible that bitcoin become a method of payment or what we can say an alt of paper money. Since it is highly volatile and not steady in value, one thing that comes up in my mind bitcoin intended as an asset only that makes us become more profitable on this. When it comes payments nobody wants to lose.