Post
Topic
Board Bitcoin Discussion
Re: Has Bitcoin Failed as Money?
by
Ozero
on 17/02/2021, 10:29:23 UTC
While bitcoin will grow in value relatively quickly, there is no point in using it as a means of payment. Why buy goods or services for bitcoin, if its holder knows that after a while its price will rise and he will be able to buy even more goods for the same amount in bitcoins?
Therefore, the initial plans of Satoshi Nakamoto to use bitcoin mainly as an alternative means of payment can be considered to have successfully failed.