Post
Topic
Board Speculation
Re: Stability the shortest way to public adoptions.
by
WinslowIII
on 30/10/2018, 18:03:37 UTC
For bitcoin to be used as a store of value and a medium of exchanging for goods and services, It must be stable like others currencies.

What stability? What "other" currencies? Fiat currencies? Fiat is the worst store of value.

This is the purchasing power of the U.S. Dollar from 1913 to 2013, and it is contantly sinking.



Give me Bitcoin, or give me death. Cool

Since December 2017, fiat has shown to be a hell of a store of value compared to crypto. In fact, I'm sure this crash has absolutely ruined many economically who decided to use bitcoin as a store of value over the last 10 months.
A question I have is over time if bitcoin doesn't increase in value, what is the point of using it as a store of value? Bank accounts are paying about 2% interest these days, bitcoin pays nothing. As far as using bitcoin as an exchange for goods and services, unless it is a high priced item bitcoin fees make this option totally unfeasible. Maybe the lighting network will fix this, but currently this is simply not a use case.