But Bitcoin isn't a currency for vendors, that is how the problem was solved. It... | Hacker News

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		Guvante on Oct 24, 2013 \| parent \| context \| favorite \| on: How Bitcoin Could Become a Viable Currency But Bitcoin isn't a currency for vendors, that is how the problem was solved. It is an investment strategy for consumers and a transaction method for vendors, but not truly a currency. He was talking about whether Bitcoin will ever become a currency not backed by USD (or whatever) and postulating why that will never be the case. Bitcoin is currently surviving off its liquidity, not its value as a currency.

sounds on Oct 24, 2013 [–]

Liquidity is one of the values of a currency. You might want to study up some more on what currency is, and what it is not.

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