Post
Topic
Board Bitcoin Discussion
Re: Is now Bitcoin being that was supposed to be?
by
gizmo123
on 30/12/2018, 14:18:25 UTC
2. Since Bitcoin is basically a currency itself, so it can be called an "Electronic Currency", or a "Digital Currency". Now why is it called a "Cryptocurrency"? I will tell you why. The word "Crypto" means something that is concealed, or kept secret. So the fact why Bitcoin or all other digital currencies running inside a blockchain are called "Cryptocurrencies" is that they are, to an extent, untraceable or anonymous when it comes to knowing the owner of an address holding funds or an address a transaction has been generated from. Otherwise, there is no denying the fact that Bitcoin is an Electronic Currency.

nope this is not basically currency itself, it was named as this by group of people, but in real life can you use Bitcoin as real currency? can you hold on wallet Bitcoin and buy things in shop like with other fiats? Do people will accept that they funds can be drastically change in short period of time? bitcoin doesnt fit to currency purpose, the best purpose is buy Bitcoin -> Send to anyone and any vlaue you want without censorship -> Reciver sell BTC for fiat, this is what Bitcoin was supposed to be for me (and this was way from origin), not for announcements that this is currency and will change the world, when I hear that announcements it sounds like scam.