Quote from: drachman on November 28, 2019, 04:05:14 AM

Quote from: nydiacaskey01 on November 26, 2019, 11:10:55 PM

Quote from: TimtheYoutuber on November 11, 2019, 03:41:14 PM

Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin

People need to start accepting Bitcoin and keeping it, not converting it.

If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.

Thoughts?

The thread title seems to go against the content of the thread because keeping Bitcoin will make it underutilized. I agree with the start accepting Bitcoin, because that will help it circulate, change from one hand to another hand but keeping it will just make it idle in our wallets making it underutilized.

I disagree, currencies are not only meant to circulate and to be used as a way to exchange goods and services among people, another characteristic of currencies is that you should be able to store it and it should keep most of its value regardless of how much time passes, this is why people love to hold gold because it is a great store of value and any currency that wants to pass the test of time needs to have that characteristic and fortunately for us bitcoin does.

Isnt that the reason why in the past, printing fiats depends on the gold and silver reserve of the country since it has no real value unlike gold thats why it is always backed up and unlike now where fiats like USD for example is very strong hence they could stand these test but of course it is still prone to inflation. Bitcoin on the other hand is decentralized and have limited supply compared to fiat which nowadays can be printed with no real restrictions.