Post
Topic
Board Beginners & Help
Re: Does Bitcoin fulfill the classic economic functions of money?
by
Darker45
on 06/11/2021, 00:56:09 UTC
So what can you say of the fact that Bitcoin is currently functioning as money? Somewhere, Bitcoin is accepted not just as a form of payment but as money itself, and goods and services are priced in Satoshis. We cannot tell whether this will last, but the point is Bitcoin is already functioning as money.

As a matter of economic theory, I do not personally believe the demand for money is ever stable, and therefore the whole theory on which Bitcoin is based is false.

What is your point here? What theory are you talking about? Is Bitcoin founded upon the theory that the demand for money is stable?