Sentences with phrase «people as a store of value»

Not exact matches

««Virtual currencies» means a digital representation of value that is neither issued by a central bank or a public authority, not attached to a legally established currency, which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically.

The biggest challenge here is that exchange rate volatility currently makes bitcoin a poor store of value, at least if your time horizon is measured in months, weeks, or even days, as it is for people who get paid daily or (bi) weekly and pay their rent or mortgage monthly.

The proposal defines «virtual currencies» as a digital representation of value that can be digitally transferred, stored or traded and accepted by natural or legal persons as a medium of exchange, but does not have legal tender status.

But aren't people using Bitcoin as a «store of value?»

Founded in 1934 as a chain of gas station and convenience stores, the company offers guests fully stocked food and beverage options at a great value — for people on the go or those looking to unwind and take a break during a road trip.

Lagos State has one of the most expensive housing markets of any city in Africa, and, as the rich increasingly use property as a store of value, poor people — especially those who live around wealthy neighbourhoods — are at greater risk of losing their homes.

As a store of value, money makes it easier for people to save and defer consumption until the future.

The Department of the Treasury and FinCEN defines a Money Services Business (MSB) as a business that conducts more than $ 1,000 in business with one person in one or more transactions on the same day in one or more of the following services: Money Orders, Traveler's Checks, Money Transmission, Check Cashing, Currency Exchange, Currency Dealing and Stored Value.

Gold has no valuation issues (no yield or earnings); since people hold it as a store of value, it can be worth whatever they want it to be worth.

When pet stores in Turkey began importing lots of puppies, more and more people purchased them and, becoming «common,» they lost their standing as a status symbol and were no longer valued.

«But I think that people still think of art as a respite, as a store of value, and as a source of optimism in their lives.

But I think the people in this room are excited about digital currencies, not «store of value» currencies that don't work very well at storing value if they're not being used as a currency.

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

More than anything else, bitcoin gains value from holders: the people and entities that accept bitcoin in trade and hold on to it as a store of value.

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.

Most of those people were ideologically against bigger blocks and preferred Bitcoin to be optimized as a store of value.

Since some people no longer believe that fiat currency is a legitimate store of value, modern forms of tangible money are seeing record price levels, such as Bitcoins and (electronic statements of) gold and silver holdings.

Digital currencies are defined in the document as «convertible virtual currencies, including crypto - currencies or similar concepts where the concept is accepted by persons as a means of payment for goods or services, a unit of account, a store of value or a commodity.»

Although many people are transacting in bitcoins today, Bitcoin's real demand is flowing from the investor community, which is purchasing it as a store of value.

I think the next generation of young people view Bitcoin as their store of value.

The nation's worsening hyperinflation has caused the popularity of Bitcoin and Ethereum to soar as people turn to these currencies as a more effective store of value than the Venezuelan Bolivar.

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

More comprehensive definitions have been attempted by the EBA in 2014 (European Banking Association) and the Banca d'Italia, which both define Bitcoin as «a digital representation of value that is neither issued by a central bank or public authority nor necessarily attached to a fiat currency, but is used by natural or legal persons as a means of exchange and can be transferred, stored or traded electronically».

Is bitcoin going to be a valuable store of value, the same way as people use gold?