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There's a large difference between a currency being used for anonymity and a currency being used for stability and trust (hence the use of "reserve" vs. "anonym
by jforman 13y ago
There's a large difference between a currency being used for anonymity and a currency being used for stability and trust (hence the use of "reserve" vs. "anonymous" in my post — I omitted "reserve" in the first sentence).
- jey 13y agoHm? Currencies are primarily used as a means to store and exchange value. The other things are secondary features that you may use to do things like pick between two currencies.
- jforman 13y agoY'all are getting hung up on insisting that Bitcoin is a currency, which nobody is arguing. There are important differences in the use cases that make a currency valuable to society, though. And Bitcoin is a far cry from demonstrating its value beyond the anonymous use case (or speculator use case). It is not stable or trustworthy yet, and will not be used as a reserve currency until making huge gains in both areas.