Quote from: louie69 on July 24, 2018, 12:52:31 PM

Quote from: YNAGS Team on July 24, 2018, 11:43:02 AM

Quote from: daoquanghuan on July 12, 2018, 07:13:44 AM

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.

Yes, I agree with the OP thread in which case if bitcoin has these three basic elements to consider , then bitcoin would prosper more in terms of payment system with much cheaper transaction rates. People will then patronize more with bitcoin payment system if that can be materialize soon.

Why do you think that Bitcoin can't become a popular method of payments?
In fact, we have already been using electronic money when doing shopping online or using cards for different purposes. I mean, we have kind of fiats transformed into a code and make multiple operations with them. Bitcoin is actually can be considered the same e-cash. The only issues as many forumers fairly noticed are its adoption and volatility.