Post
Topic
Board Economics
Re: What’s the nature of currency?
by
adzino
on 24/08/2021, 21:52:44 UTC
-snip-
People discovered the underlying technology of Bitcoin and approved it. They also recognized Bitcoin's status as gold in digital world. Bitcoin's global consensus is expanding:
-snip-
I don't think people should be considering bitcoin as a gold in "digital world". This will just encourage people to use bitcoin as a store of value that will appreciate overtime. If this happens, we will never be seeing bitcoin used as a regular mainstream currency.

  • firstly, consensus is reached among Bitcoin believers,
  • and then step by step this consensus penetrates different countries and central banks,
  • and finally it'll be accepted by everyone.
I think the second and the third points should be swapped. At first people should start accepting/adopting crypto currencies. This will then force the government and the central banks to make crypto currencies a legal tender.