Author

Topic: Bitcoin as a Medium of Exchange (Read 103 times)

member
Activity: 112
Merit: 16
December 15, 2017, 05:40:45 AM
#2
What do you mean exactly, with "true bitcoin enthusiasts"? If someone is buying coins as an asset, are they not a true bitcoiner? In any case, bitcoin as a medium of exchange would not be a thing if bitcoin wasn't worth anything in fiat, so these true enthusiasts will have to continue to pay attention to speculations and investments if they want to continue using bitcoin as a medium of exchange.
newbie
Activity: 28
Merit: 0
December 15, 2017, 05:32:27 AM
#1
Many true Bitcoin enthusiasts actually prefer to use Bitcoin as a medium of exchange. They aren’t interested in investment or speculation or trying to sell at a profit.
Instead, they see Bitcoin as a way to engage in free association of trade without the need for governments to regulate the exchange. With Bitcoin, it’s possible to pay for goods and services instantly by transferring the digital money straight from your wallet to someone else’s digital wallet.
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