It will take some more time before btc is recognized a real currency. As of now, it's just a store of value, which is totally fine. I don't mind btc being recognized as only a store or value..just look at gold.
Bitcoin will really become one of our world currencies but it will take time to wait. Aside from currency the function of bitcoin can be investment. But, instead of using investment or asset many people use it as currency because of fast transactions. If we want to happen it we should support it. 
Topic: How well does Bitcoin function as a currency? - page 4. (Read 3333 times)
It functions well as a currency because it has been used to exchange value. People who make use of it in a way that it feels and fills the need for a currency will understand, and know the true importance of its worth. Do not forget that one of the features of a currency is its wide acceptability and market stability. But the question here is, has bitcoin maintained market stability enough to be tagged a currency? has it been widely accepted in some countries for it to merit the name change/category to digital currency.
I think it is doing pretty good.It is moving at fast pace and is trying best to replace paper currency.But still i would say transation cost in case of BTC is much more as compare to other visa cards and master cards.So BTC need much more to improve.Moveover BTC is still not accepted by many countries.So a lot more things are needed to be done ,so in coming years it can be expected.
I think it is good for those country who does not accept bitcoin to learn from the country that adapted bitcoin and how it helps for the improvement of the economy. They should not always see the bad side of it but also the good impact of it to the small people who wants a job and good earning. They could accept bitcoin when they realize how good it is. 
Bitcoin is a currency,and the leading, but in its segment of influence.Soon his influence will spread.This all has long been coming.These are the technologies of the future that we need to support in order to continue to develop.
I think it is doing pretty good.It is moving at fast pace and is trying best to replace paper currency.But still i would say transation cost in case of BTC is much more as compare to other visa cards and master cards.So BTC need much more to improve.Moveover BTC is still not accepted by many countries.So a lot more things are needed to be done ,so in coming years it can be expected.
Maybe Bitcoin will be digital gold, maybe it will be the currency. What Bitcoin can do will depend on the features added in the coming years. A currency can be considered a commodity, and bitcoin has acted like an item. The value of the commodity may increase though often not like this and while the commodity may be bertared. A commodity is a value-using object that is modified according to market expectations. Bitcoins typically handle 5-7 transactions per second, with costs ranging from a few cents to a few dollars. In contrast, Visa and Mastercard can process about 2000 transactions per second. So there is still a lot to do.
In my opinion, the cryptocurrency is very good and convenient. I personally use it not so often, but the speed of transactions and commission fees make me happy. I think the future of digital currency, as technology evolves and the process is not reversible. If you solve the issue of cooperation with governments and legalize them, it will be cool.
I would say that i don’t think bitcoin functions to well as a currency, this comes down to the fact that there isn’t much adoption at all from companies to accept bitcoin, which is vital to the success of bitcoin. Also, when the market becomes congested fees get too high.
So I don’t think we’re too good of a currency as of right now.
for now in my country the function of bitcoin as a currency cannot fully work because the government in my country still prohibits bitcoin from being used as a direct transaction if it is already recognized by all countries and everyone is likely the function of bitcoin as a currency will work optimally So I don’t think we’re too good of a currency as of right now.
Fastest transaction improvment of payments we can use bitcoin continues developing the mode of transaction they can help also many poor people that less job. They has a huge responsibility in our community it has many function for everything.
Successful currencies meet three criteria:
(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.
Most sovereign currencies fully meet all three criteria.
What about Bitcoin?
(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.
Most sovereign currencies fully meet all three criteria.
What about Bitcoin?
Among all these criteria, I always believe that Bitcoin fulfills everything well, with the exception of a stable store of value. But, is the value of fiat currency always stable, I don't think so. Therefore, it is very unfair to say that Bitcoin does not meet the currency criteria because of its value not stable.
I think Bitcoin will develop and will become better then it is now. The main problem of Bitcoin are slow transactions compared to other altcoins or even to Visa and Mastercard.
We can get more best service using bitcoin function as currency, because we can make transaction more faster than other transaction, just few second we have finished transaction if using bitcoin as currency.
Bitcoin works well as a medium of exchange and more and more large organizations are beginning to accept it as payment for their goods and services.
Basically bitcoin is not really a currency it has only a digital value that have a corresponding equivalent to the real currency and that is why it was called a virtual currency or a currency that has no true legal value but because of global massive adaptation, the bitcoin is become more popular of being a virtual currency and with the trend of world technology its not far that it will become the universal currency in the near future.
I am currently seeing bitcoin not as a currency. but is a digital asset. because there are several criteria that bitcoin does not fulfill as a currency. one of them is a stable value. but bitcoin has no such criteria. Bitcoin is unstable, even tends to be very volatile. so it is suitable for assets.
I think bitcoin function as a currency is good because of how fast the transactions is and its usefulness. The problems about bitcoin is that it does not have a stable value which needs monitored. But overall bitcoin will doing well as currency.
I think that Bitcoin can perform well as a currency. Although Bitcoin has scalability problems, but at this stage it is not a big problem. Bitcoin has a lot of potential as a currency.
In my opinion the function of Bitcoin as a currency in world life has been very good, where Bitcoin has contributed to the global economy. But the problem is not really stable, there is a need to keep an eye on the price.
Bitcoin can typically handle 5–7 transactions per second, with fees from a few cents to a few dollars. When the transaction volume on the network increases, fees skyrocket and transactions take a long time to clear. In contrast, Visa and Mastercard can reportedly handle around 2000 transactions per second. In order to be a global payments system, Bitcoin needs to improve on this dramatically. So there is still a lot of work to do.
I think bitcoin bitcoin doesn't meet the criteria for point three, because bitcoin is not stable and I think bitcoin will be good for use as an asset.
Bitcoin as a currency is going well because bitcoin is a digital currency. A currency can be treated as a commodity, and bitcoin has been behaving more like a commodity. commodity values can surge although usually not like this and while commodities can be bertared. What is commodity? commodity is an object with use value. which is modified by market expectation
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