Bitcoin IS a Meduim of Exchange
Most people are just scared of using it as such
Bitcoin IS a Meduim of Exchange
Most people are just scared of using it as such
The thing that stops many people from using it as a medium of exchange is that most likely in a few years it will be invaluable
It will be used as a moe once price levels off, after the adoption phase
Not scared sir, I’m hoarding
Before Bitcoin most of my dollars were just sitting around too. It isn't like you move your IRA holdings around every 5 days either.
This is called the velocity of money. High velocity of money means high time preference and or economic hardship in the society.
Just zapped you. Proof.
Not scared, just don't feel the need to spend it on crap
Spend and replace remains undefeated
It's so easier with bitcoin than credit cards.
A medium of exchange, a store of value and an unit of account.