Topic: Biggest misconception in Bitcoin - page 3. (Read 4482 times)
I thought it was already universally agreed that Bitcoins are digital gizmos
people use it to buy beer or a laptop... why can't we call it a bit of both?
Bitcoin: store of value. 
Yes store of value and medium of exchange just like a baseball card.
Stop calling it currency
It's not a currency in the same way that email is not mail and html is not text.
Right now most people don't even realize that the basic "currency" function is just a small subset of things that Bitcoin can do. Once distributed contracts take off, things are going to get really interesting. There is nothing even remotely comparable in existence right now. No currency, no commodity, no collectible.
The biggest misconception in Bitcoin is that is fits into some historical asset class. The truth is that is has created a whole new asset class of its own.
Right now most people don't even realize that the basic "currency" function is just a small subset of things that Bitcoin can do. Once distributed contracts take off, things are going to get really interesting. There is nothing even remotely comparable in existence right now. No currency, no commodity, no collectible.
The biggest misconception in Bitcoin is that is fits into some historical asset class. The truth is that is has created a whole new asset class of its own.
+1
Not to mention all the special things that altcoins can do / will be able to do.
It's not a currency in the same way that email is not mail and html is not text.
Right now most people don't even realize that the basic "currency" function is just a small subset of things that Bitcoin can do. Once distributed contracts take off, things are going to get really interesting. There is nothing even remotely comparable in existence right now. No currency, no commodity, no collectible.
The biggest misconception in Bitcoin is that is fits into some historical asset class. The truth is that is has created a whole new asset class of its own.
Right now most people don't even realize that the basic "currency" function is just a small subset of things that Bitcoin can do. Once distributed contracts take off, things are going to get really interesting. There is nothing even remotely comparable in existence right now. No currency, no commodity, no collectible.
The biggest misconception in Bitcoin is that is fits into some historical asset class. The truth is that is has created a whole new asset class of its own.
hoping my cabbagepatchdolls4bitcoin.com takes off. I was really burnt badly on beaniebaby4bitcoins.com scam tbh
The reason Bitcoin has become an asset was that it is the better currency
Bitcoin is alot, and its ALSO a collectible.
Now just look what people pay for magic cards or baseball cards, stamps, old hardware, whatever, if its rare, there are people "hoarding" it
Now just look what people pay for magic cards or baseball cards, stamps, old hardware, whatever, if its rare, there are people "hoarding" it
Currency= a system of money
Money = store of value, medium of exchange, and UNIT of account.
Unit's are definable in objective terms and are a constant. Bitcoin is not a UNIT so it is not a UNIT of account.
It isn't currency.
More and more companies are adopting bitcoin. Just a matter of time before it becomes a good currency.
Bitcoin is alot, and its ALSO a collectible.
Now just look what people pay for magic cards or baseball cards, stamps, old hardware, whatever, if its rare, there are people "hoarding" it
Now just look what people pay for magic cards or baseball cards, stamps, old hardware, whatever, if its rare, there are people "hoarding" it
The biggest misconception is that it is currency... it's not.
I have been harping on this for a while now, but here it is from the owner of second largest exchange BTC-china.
"China has been known as a nation of savers, who are always saving for a rainy day,” says Lee. ”Bitcoin is a digital asset, like real estate, gold, or stock. It is just one more option now. With Bitcoin hard-coded to be limited, it’s like a collectible.”"
It isnt currency.
It is a digital collectible.
I have been harping on this for a while now, but here it is from the owner of second largest exchange BTC-china.
"China has been known as a nation of savers, who are always saving for a rainy day,” says Lee. ”Bitcoin is a digital asset, like real estate, gold, or stock. It is just one more option now. With Bitcoin hard-coded to be limited, it’s like a collectible.”"
It isnt currency.
It is a digital collectible.
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