Quote from: deisik on Today at 05:37:34 PM

Quote from: efiminzer on May 05, 2020, 08:28:25 AM

So my question is, is it really the future of the economy? or just the "new gold"?

Let's cut all the fancy crap and relentless hype here

Bitcoin is a very bad form of money if we talk about money as a currency, i.e. something supposed to be circulating. So it simply cannot be "the future of the economy" just like gold can't unless we get thrown back in our development into the 12th century, end of story. With that said, it doesn't mean that it can't be a good store of value. However, this is not its inherent advantage but rather the ultimate failure of fiat currencies being massively mismanaged (read, printed out of thin air like there's no tomorrow by any government out there)

I could not agree more on this one, bitcoin as a currency would just ruin the financial status of the world if there is no right thinking of government that would adopt it. Imagine having worth $100 now then you wake up with $10 left due to volatility. Even if bitcoin gets all mined, there is no chance that the world would stand on it, what we need is a centralized one fiat currency should be replaced by something digital but it would not be bitcoin. Don't hype the use of bitcoin.