Post
Topic
Board Bitcoin Discussion
Re: What to make bitcoin a popular payment method?
by
MinerFTW
on 10/09/2018, 17:24:16 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.

In my opinion, BTC may own these three marks, but it is still far from becoming a primary payment method. I personally think this will not happen soon anyway. There are still a number of disadvantages to this purpose.