Post
Topic
Board Bitcoin Discussion
Re: What to make bitcoin a popular payment method?
by
Gabb
on 21/08/2018, 22:26:57 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.

Indeed, bitcoin is currently very popular and financial authorities around the world seem to be flexibilizing about the possibility of using it as a legal payment system. So I think that bitcoin is on the right track, and it's only a matter of time before we see it established as one of the most popular payment methods.