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Today, Bitcoin has little to no adoption as a currency, that is true.
by account73466 7y ago
Today, Bitcoin has little to no adoption as a currency, that is true.
- joshfraser 7y agoYeah it's not the digital cash we were promised. But it's great as a store of value, censorship-resistant money, and one of the fastest and cheapest ways to do cross-border remittances.
- oarsinsync 7y ago> it's great as a store of value BTC/USD is down 18% in the last 30 days. That's not a great store of value. > censorship-resistant money Correct, but only within its own economy. The moment you want to convert to "real" money (fiat), you're out of luck > and one of the fastest and cheapest ways to do cross-border remittances Depends on which borders you're talking about. Within first world western countries with similar monetary policies, TransferWise is generally cheaper and quicker. Within the EU, SEPA fits that bill too. (Disclaimer: I am long bitcoin)
- nabla9 7y agoCorrect. Bitcoin is mainly a hoarding and speculation asset.