Stefano
Thu Jul 11 2024
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5 answers
1126
Can bitcoin act as a form of money?
Could you elaborate on the potential for Bitcoin to function as a form of money? Is it widely accepted as a payment method? What are the key characteristics that make it a viable candidate for monetary use? How does it compare to traditional currencies in terms of value storage, transaction speed, and scalability? Additionally, are there any regulatory concerns or risks that could hinder its widespread adoption as a form of money? I'm interested in understanding the nuances and complexities surrounding Bitcoin's potential as a monetary unit.
