Post
Topic
Board Economics
Re: Can cryptocurrencies play the role of real money as medium of exchange?
by
igorc
on 26/03/2020, 07:01:31 UTC
Voted "never". Unfortunately, in our country, using crypto for the payment tool is forbidden. Well, that's against the law to use it for payment purposes. But we can use crypto for the digital asset, it is legal here. It seems we still need a lot of time to use crypto for paying something here. Anyway, what do you mean by "real money"? Do you think it will be printed? Bitcoin is created for the purpose to be electronic cash (money). It mustn't be printed. It has no differences with fiat if it is finally printed.
Hi! By real money I mean the use for transactions, not just the use as an asset...Regarding the printing - why do you think that it mustn't be printed? Most people around the world use cash for most of transactions, the lack of printed Bitcoin is its disadvantage, don't you think so?