Compared with regular money, backed by governments and issued as legal tender when needed, bitcoin is not under any central authority and its supply has a fixed, mathematical ceiling.
According to the current general ideas about currency, bitcoin to it can not apply, since it does not have for this many signs that the currency should possess. Another centralized national currency can be recognized as currency, however bitcoin and other decentralized crypto currency are unlikely. Most likely, the most appropriate definition for it, which will stop states when legalizing, is a digital asset.
BUT you know some have made it their currency? NOT BTC, but a cryptocurrency, like Marshall Islands.
maybe there is something more from this to offer than we know yet.. what say!?
It can't really be used as a currency because the price is too volatile. I can't see retailers tolerating that for very long, since they're pretty much going to have to adjust their prices constantly.
Real Estate can already be bought throught BTC, and who knows soon enough shopping bills could be paid through this..
if I think bitcoin has become a currency gan. especially in countries that already join and Receive bitcon. such as Japan Korea and Germany. but if in Indonesia still not considered as paper currency .
omg tell me more about Japan and Korea, can anything be bought from this, and transactions would be way easier and everyone must know about already, like I said earlier in another thread that it is very important for our youth to know about it and learn more at that age.
Bitcoin is the hot new trend on many news feeds these days. After a stunning rise in its value this year, the cryptocurrency has garnered attention from nearly every sector. New crypto hedge funds are popping up, with powerhouse firms like Andreessen Horowitz, Founders Fund, Sequoia Capital giving backing.
Substantial names in financial advising and research are also backing Bitcoin.
Yes I'm still not really sure if it will be good news if it gets to be used as currency or a bad news. meh!!