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RE: WIN 500 SP - DISCUSSION: "Should Bitcoin Just Be a Currency or Store of Value?"

in #bitcoin7 years ago (edited)

Bitcoin shall be a store of value primarily.
It is not suited as a payment currency, it is far to slow for that. So use it for what it is good for, value store and 'save haven' for anybody who have money in crypto.

Bitcoin network is slow
That is not an issue for value storage.

Bitcoin has by far the largest market cap and is most stable crypto in the market
Therefore a good store of value.

Mass public
They indeed know only of Bitcoin and this will be like that for the foreseeable future, again THEY reason why Bitcoin will be the perfect store of value.

So many other coins have better implementation for speed and flexibility: let them provide the things required for the market segments they build their blockchains for.

De-centralised
Maybe Bitcoin is also the most de-centralised crypto in the market. That is a huge +!

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Short and to the point. Beautifully presented too. I think this is one of the best summaries of the main points I have seen. I would also add that it is in theory at least also the most secure.

Thanks man! Although I can write long stories, I think the shorter versions are better :) Good question you asked, and great you're running this challenge to get interaction going. Appreciate your efforts really much.