You'd think w/ bitcoin being a method of payment that it would also be considered as a currency in some respects as well.
+1 I know I do. 
Topic: [2015-04-23] Memeburn goes behind Gyft’s big Bitcoin ecosystem plan (Read 407 times)
April 23, 2015, 12:19:28 PM
You'd think w/ bitcoin being a method of payment that it would also be considered as a currency in some respects as well.
April 23, 2015, 12:14:19 PM
Memeburn goes behind Gyft’s big Bitcoin ecosystem plan
Bitcoin has no intrinsic value. Unlike platinum which has an industrial use case for, say, the automotive industry, there are none that exists for bitcoin today. The price is determined in the market based on supply and demand, which today is driven by just the speculators.
“Bitcoin is a commodity, not a currency,” Gyft founder Vinny Lingham told the audience at the Bitcoin African Conference 2015. The popular digital gift card startup is hoping to change this within the near future.
http://memeburn.com/2015/04/memeburn-goes-behind-gyfts-big-bitcoin-ecosystem-plan/
Bitcoin has no intrinsic value. Unlike platinum which has an industrial use case for, say, the automotive industry, there are none that exists for bitcoin today. The price is determined in the market based on supply and demand, which today is driven by just the speculators.
“Bitcoin is a commodity, not a currency,” Gyft founder Vinny Lingham told the audience at the Bitcoin African Conference 2015. The popular digital gift card startup is hoping to change this within the near future.
http://memeburn.com/2015/04/memeburn-goes-behind-gyfts-big-bitcoin-ecosystem-plan/
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