Sentences with phrase «as stores of value like»

Most people still only understand cryptocurrencies as stores of value like Bitcoin, so lots of user education would be required too.

The primary use case of bitcoin today is as a store of value like a savings or an investment but in the not so distant future, we will see bitcoin and other cryptocurrencies like bitcoin emerge as the dominant medium of exchange in a growing number of communities around the world.

The debate also focused on whether Bitcoin holds the potential of being treated only as a store of value like digital gold or both as a store of value and a medium of exchange like digital cash.

Not exact matches

Think of Bitcoin, they say, as digital gold — a so - called «store of value» that, like the precious metal itself, doesn't need to have a lot of practical uses to be worth a lot of money.

«There are rarely discounts, so you always feel as though you're paying the item's true value, as opposed to one of these «60 % off» stores where, when you pay full price, you feel like you're getting cheated, which is the way a lot of retailers approach things.

Hence, Bitcoin should be seen as a high - risk investment like a technology stock, not as a stable store of value.

anything that is held as a store of value willingly can not be used to tie down the price level path (except via strong modeling assumption likes the last period exchange of real debt for real goods in the FTPL for example).

Money as we know it is already somewhat virtual, since the pieces of paper and bits of metal that we use to pay for things don't have any actual value themselves — their only value is that they can be exchanged at stores for things that actually have value, like food.

This wouldn't be the first time US Dollar led woes have happened, and much like the 1970's, Peter Schiff sees gold as being a good place to store value in a time of fiat currency led chaos.

Again it was started as a peer - to - peer payment system, but right now it seems like the use case has been as a store of value rather than the payment system.

Moreover, they — especially Bitcoin, Ether, Litecoin, and Ripple — are increasingly referred to as stores of value instead of high - frequency and high - volume transactive material like fiat currency.

While we totally get the value of having a store - brought bar on hand (we like Lara Bars the best), it's important to be discerning so as to not fall into the granola bar trap!

I believe it is a matter of value and as long as each store offers different things we value (like book signings at physical stores or free shipping) both will continue to stay in business.

Like gold, no one centrally controls production, supply is limited in part by the effort required to produce it, and you can hold on to it as a store of value.

I don't like the idea of building up an Amtrak balance, the program has too big a history of making changes with no advance notice whatsoever — whether changes to who their partners are (United dropped out overnight), changes in their redemption rates (making train redemptions more expensive) or changes to their rules (restricting transfers out of the program to elites only)-- that I simply don't trust them as a store of value.

This includes any form of stored value cards, gift cards, prepaid debit cards, and the like as well.

Classification of Bitcoin Sheng Songcheng, an advisor to the People's Bank of China, said crypto - currencies, like Bitcoin, do not have what it takes to be a viable alternative currency, but more as a store of value.

As there are not many arguments why Bitcoin is a better store of value or unit of account than fiat currencies like euros or dollars, it is obvious that as a method of payment Bitcoin is superior to fiat currencies, due to lower costs, nearly perfect divisibility and social inclusion to name but a feAs there are not many arguments why Bitcoin is a better store of value or unit of account than fiat currencies like euros or dollars, it is obvious that as a method of payment Bitcoin is superior to fiat currencies, due to lower costs, nearly perfect divisibility and social inclusion to name but a feas a method of payment Bitcoin is superior to fiat currencies, due to lower costs, nearly perfect divisibility and social inclusion to name but a few.

«This concept has already been demonstrated through features like World of Warcraft Gold and Counter Strike [where] Global Offensive skins are being used as value stores in their respective game economies.»

A paper wallet is a mechanism for storing Bitcoins offline as a physical document that can be secured like cash or anything else of real - world value.

«In the case of pure cryptocurrencies like bitcoin, store - of - value use («hodling») and medium - of - exchange use («buying coffees») are naturally in conflict, as the store - of - value prizes security much more than the medium - of - exchange use case, which more strongly values usability.

That suggests the firm believes bitcoin's future is more as a payment method rather than a store of value, like gold.»

But, as bitcoin scales like any other technology, there exists no reason for bitcoin to exist and operate as both a currency and a robust store of value like gold.

But as a store of value, gold will persist in an offline world and there's no way for a company like Blockstream to declare it worthless.

Bitcoin was introduced to operate as its own economy, store of value, and digital currency, competing against assets like gold and reserve currencies such as the US dollar.

That suggests the firm believes bitcoin's future is more as a payment method rather than a store of value, like gold,» the Journal reported.

The utilization of second - layer payment channels like Lightning and Plasma will enable cryptocurrencies like bitcoin and Ethereum to remain as secure store of values, while payment channels operate like the Visa network and are launched on top of the cryptocurrencies.

The statements follow those by Goldman Sachs CEO Lloyd Blankfein 10 days ago when he said he believes it's still too early for the bank to consider a bitcoin strategy as it «doesn't feel like a store of value.»

The bitcoin community and developers are banking on bitcoin being a «store of value» for cryptocurrency as a whole, just like gold underpins the US dollar and other fiat currencies.

Many people already trust it as a basic store of value, or a conduit for investment products like bitcoin futures.

As such, with the rapid influx of new investors and the surging price, the cryptocurrency has been looking increasingly like a store of value than an actual currency.

Instead 21.81 % described Bitcoin as «a long - term store of value, like gold or silver.»