Stop the FUD: Bitcoin is BOTH a Store of Value and a censorship resistant System of Payments

247 Bitcoin

Bitcoin News Search

1 News - 247 News - 247 Bitcoin - 1 Search


This arguing back and forth between prominent Bitcoiners of whether Bitcoin is a System of Payments or a Store of Value is a False Dichotomy.

For example.

Here is Tone Vays saying Amazon shouldn't add Bitcoin because the "people at Amazon are also smart enough to know that Bitcoin is not ready for this technology till lightning."

Tone Vays is just speaking pure BS here. Bitcoin can be, and has been used as a system of payments since the Silk Road and the selling of Alpaca socks. Had it not been for the dark net markets and retailers such as Overstock accepting Bitcoin, it's doubtful Bitcoin would have the value it has today.

Bitcoin is worth sending as value because people accept it as payment for many things. And many people accept it as payment because it has value that is independent of the monetary policies that control FIAT money.

It really is silly to see so many Bitcoin developers, users, and other argue about this night and day. Bitcoin is BOTH. These two properties are complimentary. They contribute to the other.

And for those that say Bitcoin cannot be used for coffee right now, that's BS too. I use my Bitcoin debit card every other day for small purchases.

If you want to HODL, that's your choice. But don't denounce people spending their Bitcoins. That's what helps give your HODLING value.

So please, let's stop the FUD on both sides. Bitcoin is both payments and a store of value.

submitted by /u/ChuckSRQ
[link] [comments]

247 Bitcoin

Bitcoin News Search

1 News - 247 News - 247 Bitcoin - 1 Search


Leave a Reply