Post
Topic
Board Bitcoin Discussion
Re: How well does Bitcoin function as a currency?
by
happyme1818
on 14/10/2018, 13:02:34 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?
This is a successful currency criteria when fiat currency came in the market.  But  before fiat became currency,  that is not the exact definition of a currency. For example gold and silver, they have different value base on what country or place you are in the past.