Post
Topic
Board Bitcoin Discussion
Re: How well does Bitcoin function as a currency?
by
pharaon
on 01/10/2018, 07:48:18 UTC
Successful currencies meet three criteria:

(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.

Most sovereign currencies fully meet all three criteria.

What about Bitcoin?
At the moment, some countries have taken bitcoin as a means of payment, and the number of stores and establishments where you can use bitcoin as a means of payment is increasing, but we need to agree with the fact that currently bitcoin is more used as an investment.