Post
Topic
Board Bitcoin Discussion
Re: What is the future of bitcoin? Commodity, currency or smth else?
by
franky1
on 09/06/2022, 21:17:46 UTC
1...5.
Thank you for your point of view.
People have already choosed between investment and currency. The word "commodity" is commonly used for bitcoin meaning  in this forum. )))

even investments are a currency.
swapping shares is a currency transaction.

as for commodity.. pfft. nah majority call bitcoin an asset..

its why i made my post as some newbies need education in common economic definitions before they go down rabbit holes using the wrong terminology and then creating some conscious bias to stick with their wrong definitions because they see other newbies using the wrong terminology

EG
in the real material world a wallet holds bank notes and coins. where as a key ring holds keys.
in bitcoin a wallet holds keys. and the blockchain holds the coins.

yet a decade ago people with less experience of understanding definitions chose the wrong words to describe how bitcoin features work. and so we got stuck in the badly worded metaphors