Post
Topic
Board Economics
Re: Why Bitcoin is not that good as currency?
by
DaftAjax
on 04/11/2019, 21:19:09 UTC
That would really bring them down but for me, the bad thing about bitcoin is that it is a decentralized crypto currency. Even if it faster to transact than other currencies, it will still be decentralized and that means it would never be a currency.

Doesn't it decentralization makes Bitcoin unique and desirable as a currency? Isn't it one of the reasons why many investors and casual traders like Bitcoin? We don't really want the government snooping around with our money in the first place. Literally, the government wants to know everything about you before you can "spend" your money--and that is stupid.

Meanwhile, what I don't like about Bitcoin is "volatility", tho at this point it's inevitable--but confidently enough, later on, it will not be.

<....>

Please go educate yourself more! You don`t know anything about what bitcoin is and what it stands for. Even less you know about what is 'legitimate money'! I don`t know why you spend time here earning Bitcoin advertising crypto exchange when for you dollar is a clear count!
I need to say that I didn`t saw a crazier comment in recent times, and you are a senior member? You probably bought that account!
It is not the bad thing about bitcoin, even though it is not yet physical, or it is not yet legal in many countries it is a currency, a currency that can be found in the internet, also the differences between a fiat and a cryptocurrency is, bitcoin cannot be seen physically it is not a bill nor a physical coin while fiat it is physical and regulated by the government. But I dont have anything to say that validates bitcoin is not a good currency.

^^^ I'm pretty sure he knows what you're talking about. And it kinda devoids the value of your post.