Quote from: BlackHatCoiner on April 22, 2020, 07:35:13 PM

Quote from: avikz on April 22, 2020, 07:31:45 PM

Quote from: BlackHatCoiner on April 22, 2020, 05:46:56 PM

When I say ideal I mean:

People cannot born them from blown air and some day they will not be able to earn from coinbase's rewards.
Over time, it will still have value.
It cannot be spoiled by human.
It is decentralized, no one controls it.
You can send/receive the currency really quickly.

And how do you conclude that the above mentioned parameters will denote an ideal currency?

What about speed? What about stable value? What about fair distribution?

An ideal currency doesn't exist in real world and bitcoin is not even close to an ideal currency!

Well, I didn't thought of these. But about stable value, we determine it. We just have used to compare bitcoin with dollar. Imagine if there wasn't any euros or dollars. Just bitcoins. I think it would mean stable.

But obviously, these fiat exist, or they literally co-exist. Also, we cannot simply compare Bitcoin with dollar or other fiat because these coins have different 'platforms'. Also there are differences with regards to their market value and value stability. Their similarity is only being a currency. And that I think is not enough to draw a conclusion from such comparison to which coin is ideal given that both of these currencies are being used by people at this time. Nothing is ideal, this is the bottomline. Currencies are serving their purpose and development would determine which would benefit us humans, more. Stability alone is not enough to make a currency 'ideal'.

Quote from: MicroGuy on May 07, 2020, 01:34:15 PM

Quote from: Kakashibrullo on May 07, 2020, 07:28:46 AM

I don't want to say that what I see now is an ideal currency, because it has both advantages and disadvantages. But I do not deny the fact that bitcoin is the basis for creating an ideal currency system.

Yes, it's a great basis. Now open up the blocks, add privacy, and replace PoW and you're talking next generation of money.

Given that change is inevitable, there is a possibility that there would be something that would be more advantageous, which invalidates the claim that bitcoin is the basis of an ideal currency. If you would be futuristic, you should have a good foundation. Bitcoin is facing issues regarding mass adaptation, and that is already a flaw of it, being a currency.