BTC is an asset class and not a currency.
The raising exchange rate makes it deflationary, which lowers circulation speed, and if you can buy more for your coins tomorrow than today, people avoid using them.
The transaction speed is so slow that it's quicker to go an ATM and withdraw money and go back and pay with cash.
Transaction fees. Well, I ain't paying a fee for coffee that is twice as high as the price of my coffee.
The last key point, is that the coins needs to be accepted as a means of payment, and I can't find any shops around me that accepts bitcoins.
So, bitcoins is imo an asset class and designed to be one.
[link] [comments]
from Bitcoin - The Internet of Money https://ift.tt/34Ws9R1
No comments:
Post a Comment
We have received your message and would like to thank you for writing to us, we will reply by email as soon as possible.
Talk to you soon,
[Pakcoin Worker]
[Pakcoin Global]