3 ms·
It's completely reasonable. Bitcoin is not a good candidate for a medium of exchange despite what some adopters will tell you. It is more like virtual gold.
by nazgulnarsil 14y ago
It's completely reasonable. Bitcoin is not a good candidate for a medium of exchange despite what some adopters will tell you. It is more like virtual gold. You can see in the real world that mediums of exchange and stores of value aren't the same thing because the properties that are desirable in one are not desirable in the other.
- eric_bullington 14y agoAnd there's another electronic currency system coming online now that should handle instant transactions well: ripple.com Its a new incarnation of a relatively old idea, but the good thing about the new ripple is that transactions are (and should continue to be) nearly instant. And it is very, very easy to trade bitcoin for ripple using the ripple system, and should get even easier. So I imagine a future where value is stored in btc, and spent using ripple (in any of the supported currencies).