You are viewing a single comment's thread from:

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

in #bitcoin8 years ago

I just wrote a recent post on the use of blockchains for government accountability, so this is a fresh topic on my brain. I think that using BTC just as a store of value is a waste of its potential. The blockchain technology is fantastic for financial transactions, but simply looking at BTC (or any other cryptocurrency for that matter) as a store of value or a currency is just looking at the tip of the iceberg. The largest portion of an iceberg is under the water. Likewise, the greatest potential for BTC lies in the mechanism that produces the currency. Not in the currency itself.

Sort:  

True but I think Bitcoin's position means that making any significant upgrades results in the kind of stalemate that we saw for the last 2 years and it will need to keep evolving technologically if it is to keep up with the demands - particularly if more features are added.