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.
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
Bitcoin should be P2P cash - per definition. so it should be free to transfer
But if no one wants to hold it, no one would accept it as a medium of exchange. "Medium of exchange" is not only for its sake. It also has to be a store of value, for later use as a medium of exchange.
We know, it is chicken & egg.
But Bitcoin is fully digital / electronic
So it MUST be the cheapest and easy medium of exchange - it's purely intuitive and it is even TOP LEVEL ADVERTISED as the NEW e-cash
so what is the issue ? BTC is not Bitcoin and money any more - it cannot be a store of value for its only sake