Jan 8, 2021
9:42:06am
9:42:06am
Are credit cards a currency, then? Personal checks?
Bitcoin is both a transaction platform (but not a great one) and a store of value. But that doesn’t make it a currency.
I guess this is probably why there’s a new categorization of “cryptocurrencies” and why they’re not just called “currencies.”
I guess this is probably why there’s a new categorization of “cryptocurrencies” and why they’re not just called “currencies.”
- Previous username
- BYUCoug11
- Bio page
- Mike Honcho
- Joined
- Feb 27, 2011
- Last login
- May 18, 2024
- Total posts
- 54,098 (10,346 FO)
Messages
Time
1/8/21 8:40am
1/8/21 8:46am
It is not nor was it ever designed to be a currency, but that’s how people have started viewing and treating it
1/8/21 9:04am
1/8/21 9:08am
Yes, the goal was to facilitate peer-to-peer, verified, non reversible transactions via a distributed ledger design.
1/8/21 9:18am
1/8/21 9:24am
1/8/21 9:25am
1/8/21 9:30am
1/8/21 8:51am