Post
Topic
Board Economics
Re: Bitcoin has no practical use and could be damaging to the economy!
by
shesheboy
on 23/05/2019, 02:36:49 UTC
I think the main purpose of bitcoin is for currencies
Yes that is the main purpose of bitcoin but bitcoin is mistakenly use as an asset by most users . They dont spend their bitcoins regularly because they think its valueable and they can benefit more if they hodl it for a longer time  .

many governments forbid it because the system cannot be controlled.
Not really . If we take a look at the status of bitcoin , bitcoin itself is already widely accepted by most countries and that also means that alot of governments are now legalizing the use of it . They knew that bitcoin is not controllable but they also knew its benefits that it could improve a persons life and the economy as well  .