What is a Bitcoin?
No, I am not joking. I am asking you the question.
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What does Bitcoin, aka BTC, mean to you?
Is BTC a cryptocurrency?
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Yes, of course. BTC is the first cryptocurrency use case in the world.
Is BTC an investment instrument?
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Yes, of course. BTC is a highly valued crypto-investment instrument.
Is BTC a good payment instrument?
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No, BTC is not a good payment instrument.
Rather, BTC is the worst cryptocurrency as a payment instrument.
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BTC fees per transaction may be a few dollars to a few thousand dollars.
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Time to complete a BTC transaction may take a few days to a week time.
So what is BTC good for?
Bitcoin is a quasi-payable crypto-investment instrument.
I think it is like that because I can't use BTC for any micropayment or buying everyday items from the market. It is not economic at all.
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If you pay with BTC, you pay HIGH fees.
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If you hold BTC, you are happy, dreaming of a stellar gain.
What do you think BTC is good for?
Who I am
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I am from Science, Technology, Engineering, and Mathematics (STEM). I have also added "Arts" and "Fine Art" to my interests and made my interests STEAM - Science, Technology, Engineering, Arts, and Mathematics.
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I develop solutions for passwords and cybersecurity relevant to cryptocurrencies, blockchain, and blockless distributed ledgers.
I hope the entire blogging community will strive here and elsewhere.
The article was initially posted on ReadCash.
Cheers!
Text Copyright © 2023 Debesh Choudhury — All Rights Reserved
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Disclaimer: All texts are mine and original. Any similarity and resemblance to any other content are purely accidental. The article is not advice for life, career, business, or investment. Do your research before adopting any options.
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Sep 18, 2023
