Post
Topic
Board Bitcoin Discussion
Re: How well does Bitcoin function as a currency?
by
ubay
on 02/10/2018, 02:49:34 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?

Bitcoin is not a currency, bitcoin is virtual money where you can pay or send someone for a bit of bitcoin without a third party intermediary.