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Bitcoin's purpose isn't for investing. People might choose to invest and speculate on the future value of Bitcoin but, among other things, Bitcoin's purpose is
by MichaelApproved 9y ago
Bitcoin's purpose isn't for investing. People might choose to invest and speculate on the future value of Bitcoin but, among other things, Bitcoin's purpose is a currency that is decoupled from a central government.
- Bob2019 9y agoHow do you decouple from governments banning businesses from accepting it?
- ryanmerket 9y agoSell it for cash to someone via localbitcoins.com? Fly to another country that does accept it, open a checking account there?
- hndamien 9y agoIt is only important that people accept it. I think we can call that mission accomplished.
- madlynormal 9y agoHow feasible is Bitcoin as a currency when transaction fees can exceed $20/USD?
- MichaelApproved 9y agoNot very feasible, right now. There are some technical hurdles that can be overcome with some improvements in the code which will drop the transactions fees to almost nothing. For now, Bitcoin seems to be taking shape as a store of value, like gold. Another, more updated crypto currency, might take over as day-to-day currency while Bitcoin is the larger value store. Hard to say how things will shake out but it's surprisingly still the early days of crypto technology.