Post
Topic
Board Bitcoin Discussion
Re: If not a "store of value" or "medium of exchange" ...
by
hv_
on 26/09/2019, 14:24:41 UTC
bitcoin is a store of value. as it first needs to be a store of value to then be a medium of exchange.
by this i mean if having no value, people wont want to exchange it.


I'm not trolling, OK? But I believe we debated about this before, and you said that Bitcoin should be a medium of exchange first to be valuable, and that because of small blocks, Bitcoin cannot be a medium of exchange. Or am I confused?

It must be 'easy' exchangable to get value at all - if u cannot transfer, nobody wants it / can handle it -> useless Wink

Bitcoin should be P2P cash - per definition.  so it should be free to transfer