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>So billions of dollars of institutional trading means BTC is widely accepted, engaged with, and in use by people and organizations in commerce. So, you said it
by three_seagrass 6y ago
>So billions of dollars of institutional trading means BTC is widely accepted, engaged with, and in use by people and organizations in commerce. So, you said it's a currency.
This is a straw man. USD is a good currency because it is widely accepted, engaged with, and in use by people and organizations in commerce.
BTC is not a good currency because it is not widely accepted, engaged with, and in use by people and organizations in commerce. Even in your paypal example, they first convert your hobby money to USD (a real currency) before commencing the transaction.
Having billions traded or invested in it is a characteristic of an asset, which you keep repeating, and not a currency. You're failing to understand this distinction.
- JxLS-cpgbe0 6y agoBTC is widely accepted globally, engaged with, and in use, as currency, by people and organizations in commerce. I've given examples of major institutions that prove all of the above is true. Do you have a single reason to believe it's a hobby currency?
- three_seagrass 6y agoThe example you gave has organizations converting to USD, a real currency, before doing any transactions. They're catering to your hobby money but using real money instead.