Quote from: Farma on October 10, 2021, 06:26:45 PM

bitcoin is a type of cryptocurrency, and as the name suggests cryptocurrency, which has the purpose of being an alternative substitute for the existing currency. however, because bitcoin is decentralized, and not controlled by anyone, its price is unstable, but tends to rise as adoption continues to grow. this, makes many investors interested in turning bitcoin into a digital asset. and in fact, nowadays, bitcoin is a huge success being an asset to its investors. because of this, I also agree, that the use of bitcoin can be used as an alternative currency, and also as an asset. however, I believe that bitcoin's main function was created as an alternative to payments on the internet.

You're right about that. The term "cryptocurrency" means cryptographic currency. Bitcoin was created in the first place as an alternative "currency" during 2008's financial crisis. It was stable before it began trading across exchanges. Back then, people used to pay in Bitcoins without caring about how much it was worth in USD (Fiat). Things have changed and now people rely on Bitcoin as a speculative asset for profiteering.

Based on how people use Bitcoin today, we can say Bitcoin is a multi-purpose financial system. It can be used as both an asset or a currency depending on government regulations and people's daily needs. What matters is not how Bitcoin is used, but rather if it works as intended. As long as Bitcoin remains decentralized and censorship-resistant, there should be nothing to worry about. Just my thoughts Grin