Is Bitcoin a Real Currency? An economic appraisal NBER
Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
Beginner questions, sorry. Do we foresee Bitcoin becoming a currency or a store of wealth? I have friends who have challenged Bitcoin as a currency due to 1. Slow transactions 2. Costly transactions. Does the lightening network alleviate the above concerns?
Can someone please explain to Mark Cuban that nobody is using Bitcoin as a currency because of legal tender laws and because it is classified as property by the IRS?
The Bitcoin community consists of at least ten million members (probably more)... if overnight the IRS/government treated Bitcoin the same way they treat the US Dollar, then at least 5 million of us would convert some % of our paychecks to Bitcoin and use it for things like groceries, farmers markets, televisions, cars, monthly savings, rent, gym memberships, etc... Arguing that Bitcoin isn't a success because nobody uses it for payments is beyond absurd and is not a logical argument. It simply rests on an appeal to authority (i.e. nobody uses Bitcoin for payments because the powers that be are literally putting up barriers for it to be used that way). So, assuming we can change the laws then millions of people will start being more vocal about paying in Bitcoin, which will create another feedback loop, because it will create "Conspicuous Bitcoin Consumption", more people will see us do it, and will see that merchants like it.... and then it will spread like wildfire.
02-29 16:18 - 'Lol. No country on Earth uses Bitcoin more than Fiat. / In fact, 90% of the people on this subreddit don't even use Bitcoin as a currency.' by /u/dampon removed from /r/Bitcoin within 0-6min
90-99% of all the bitcoin is owned by 1% of all the users. revolutionary. each account has its own blockchain. rewards. incentives for introduction. scalable. for world use. accessible. more user friendly. greener. 100000 x more energy efficient than bitcoin. fair. highest scale distribution ever. download the mobile app . giving the power back to the people. a fairly distributed, greener, fee ... Bitcoin is a decentralized virtual currency. This currency is exchanged digitally and managed by a peer-to-peer network, rather than a central bank or authority. The supply of Bitcoins is automated and released to mining servers; with a limit of 21 million Bitcoins being reached by 2140. Each Bitcoin is a piece of code that has its own transaction log with timestamps. The coins are stored in ... Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to ... Young, tech-savvy populations that have adapted quickly to bitcoin; weaker local currencies that make it harder to get U.S. dollars, the de facto currency of global trade; and complex bureaucracy ... A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely fails to satisfy these criteria. Bitcoin has achieved only scant consumer transaction volume, with an average well below one daily transaction for the few merchants who accept it. Its volatility is greatly higher than the volatilities of widely used currencies, imposing large ...
Bitcoin Q&A: Bitcoin as Everyday Currency - YouTube
The digital currency Bitcoin has taken the world by storm in the past year, delivering massive returns for investors in recent weeks. However, there are some major problems with the cryptocurrency ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Merablim chief global strategist Jim Rickards on the outlook for stocks, gold and bitcoin. How will Bitcoin's infrastructure scale to an everyday currency? When will a business model of small retail transactions make economic sense for cryptocurren... Israel has introduced a bill to classify bitcoin as a currency.About this writes the local edition of the Globes. Four lawmakers from the Our Home Israel par...