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Bitcoin is a hard currency first; it includes a mechanism for transactions because that is a hard requirement for anything that functions as a currency but the
by jkhdigital 5y ago
Bitcoin is a hard currency first; it includes a mechanism for transactions because that is a hard requirement for anything that functions as a currency but the network is optimized for security not throughput. If my only problem is paying people and getting paid, then Visa/ACH works just fine. If my problem is lack of confidence in my nation’s money supply (and this is a very real problem in quite a few countries) then Bitcoin is unquestionably the most convenient alternative.
- wpietri 5y agoI don't buy it. Bitcoin has much higher volatility than other currencies and much higher costs to use it. If your problem is lack of confidence in your nation's money supply, you're better off getting some more stable currency, like any one of these: https://fxssi.com/top-10-world-most-stable-currencies https://fxssi.com/top-10-world-most-stable-currencies