Quote from: Maestro75 on Today at 05:37:42 PM

Quote from: Upgrade00 on January 19, 2021, 07:20:49 PM

If you view Bitcoin as a cash and grab scheme, then just maybe you do not fully understand it yet and should just stick to fiat.

Is bitcoin not cash then? The way some posters talk about bitcoin here like it is not cash or a means for paying for goods and services gets me confused. Some argue that it is an asset but their explanations does not convince me. Now I ask, what is bitcoin if it is not cash?

Bitcoin isn't cash like we have it in fiats currencies but it's a digital currency which means the final end users of this coin will definitely exchnage this coin to fiat before use (at the final end in terms of spending). But, Bitcoin can be use to purchase goods and services in some platforms alongside the fiats. Be an asset to some and as a means of cash to others bring about individual differences in crypto-space.