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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byAnonymous Coward writes:
Like all currencies, it's main use is as a medium of exchange. It's pretty decent as that, but sucks for storing value.
byrmdingler ( 1955220 ) writes:
All currency is a medium of exchange AND a way to store wealth. In the principle's simplest example, I can work eight hours today and use the wages to feed my family for a week... thus storing my wealth in an easily carried, widely accepted fiat currency. The ability of a civilization to evolve a middle class from the landowner/sharecropper paradigm is only plausible when a worker can store away the fruits of his labors, rather than eat them every evening.
bymoeinvt ( 851793 ) writes:
I have to agree with the OP. The two purposes might not be mutually exclusive, but a currency can certainly be "useful" for one purpose and not the other.
From a USAian perspective, the $US is (for now) a global medium of exchange and easily carried. Unfortunately, the dollar has lost over 90% of its value since the inception of the Federal Reserve. Right now, they are eroding the value with $85 Billion per month in artificial credit expansion. Is the currency really a store of wealth if the purchasing p
byZemran ( 3101 ) writes:
I do not doubt that the US government will try to regulate Bitcoin, fail, and then try to outlaw it. That will still have very little effect on Bitcoin as it does not rely on recognition by the US government. They would have more chance of trying to outlaw the rouble. I think that they should just ignore it and let it dwindle into obscurity instead of giving it constant limelight and coverage.
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