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RE: Financial Education #6: The Barter Economy

in LeoFinance4 years ago

Maybe cryptos solve the issues of money and exchange in some respects, but it seems like the idea of using a cryptocurrency as a means of exchange — a currency — has essentially been hijacked by the mindset that cryptos are something you invest in with the hopes that it'll Moon next week and make you rich. The focus is diverted to the means of exchange itself, not what you can DO with it.

=^..^=

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Yes, they beautifully overcome the issues with today's FIAT currency. I assume you're talking about Bitcoin, and yes I would agree with you in the sense that as a medium of exchange it simply isn't quick enough or cheap enough to use as a day to day money. People see red when you mention Bitcoin Cash but it works much much better as an electronic cash. BTC has gone for the narrative as digital gold, you wouldn't use gold to buy your coffee though. I agree strongly with your points! Please keep them coming!

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