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> So it's not tenable as a currency. Did you read the article that I linked to? It's helpful also to read this one about Bitcoin: https://www.lynalden.com/gold
by gregwebs 5y ago
> So it's not tenable as a currency.
Did you read the article that I linked to? It's helpful also to read this one about Bitcoin: https://www.lynalden.com/gold-and-bitcoin/ https://www.lynalden.com/gold-and-bitcoin/
Bitcoin's usage is not as currency, but as money (read this article about what money is: https://www.lynalden.com/what-is-money/ https://www.lynalden.com/what-is-money/. So Bitcoin is useful as a store of value, rather than a currency. The ability to transact like a currency is being built in layers on top of it (Lightning Network, etc), somewhat similar to how currencies used to be backed by gold.