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Then the end game would be to be something useful that people use in their daily lives. I think that's what was meant when calling it digital currency. But no
by postalrat 4y ago
Then the end game would be to be something useful that people use in their daily lives.
I think that's what was meant when calling it digital currency.
But now it's heading down a different path.
- HashBasher 4y agoHaving a savings account is not useful in daily life?
- JohnFen 4y agoCryptocurrencies look to be a particularly bad substitute for a savings account to me. Or even just keeping cash in a shoebox under your bed.
- AlexandrB 4y agoA savings account is generally a no-risk or low-risk investment vehicle. This usually means that you could withdraw the balance on any given day and not suffer a realized loss. Even if you assume that Bitcoin's value will always recover long-term, having short term volatility in the 50% range might mean that the money in a Bitcoin "savings account" will not be available when you actually need it.