3 ms·

Remind me again, are we talking about an asset or a currency?

• Closi 6y ago
  It depends what your argument is. If you are arguing that bitcoin is a bad currency because of high transfer fees, very few merchants accept it and that very few people are actually buying things with it in any meaningful way, then that's wrong because it's an asset. If you are arguing that as an asset it is purely speculative and has no fundamentals and zero return other than appreciation, then that's wrong because it's a store of value. If you are arguing that as a store of value it's actually highly volatile and has experienced multiple serious crashes, then that's wrong because it's actually a currency. This is the primary tactic Bitcoin seems to use to deploy to combat any criticism - if someone critiques its ability to do one thing you claim it's something else..
  • deleted 6y ago
    [deleted]
• p_l 6y ago
  Depends on which problem of bitcoin they are currently defending.
• nightski 6y ago
  Do you not view the USD (or other currency) you hold as an asset?
  • TomSwirly 6y ago
    The US dollars' value is comparatively stable...
    • deleted 6y ago
      [deleted]
  • selectodude 6y ago
    Currency isn’t an asset. It never has been and it’s not intended to be.
• spinny 6y ago
  it is both and neither, it has properties of both, it also lack lack some properties of both
• Empact 6y ago
  Bitcoin is an asset that is designed to become a currency.