Bitcoin is on course to become a formal currency by cryptoyt

View this thread on steempeak.com
· @cryptoyt ·
$0.75
Bitcoin is on course to become a formal currency
![shutterstock_537448696_dxogcf.jpg](https://steemitimages.com/DQmTg1qwDfB3ZdPET3aptxGstDWGD5j9c8U78EmzA3Ec6xS/shutterstock_537448696_dxogcf.jpg)

It is not a formal currency, but bitcoin has gained ground in the financial market and among entrepreneurs. Its value has grown and its uses too, however, there is still no certainty about its role within the economy in the future.

In recent months the price of bitcoin has skyrocketed and its use has diversified. Everything seems to indicate that it could become a real currency, but for some it is a simple financial instrument. The debate on its future continues to occupy analysts.

"It is still far from being a currency, far from meeting the requirements normally attributed to currencies, although its trajectory has been impressive," explained the economics expert at the Universidad Complutense de Madrid, Pedro Dura, in an interview for CNN . The virtual currency is still an attractive investment and also risky, because it is not yet a currency: "Bitcoin fulfills some functions that are tribute to money, with others, definitely not."

The role of the medium of exchange is another requirement to be considered as currency, and in that sense, the virtual currency is growing "spectacularly" in establishments that admit it as a form of payment, but the percentage is still very low: "Even if it is a medium Generally accepted for payment, is still far from being, but is on the way. "

Another limitation to become a currency is that it does not have the recognition of financial institutions, it can circumvent controls and that implies risks. According to Dura, it is possible that the states narrow the siege to the regulation of virtual currencies, "is the normal thing".

It is worth mentioning that there are other virtual currencies that have also grown in recent times. That means that you still do not know what can happen with these forms of money or if they will become real coins.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
post_id8,748,452
authorcryptoyt
permlinkbitcoin-is-on-course-to-become-a-formal-currency
categorybitcoin
json_metadata"{"app": "steemit/0.1", "format": "markdown", "image": ["https://steemitimages.com/DQmTg1qwDfB3ZdPET3aptxGstDWGD5j9c8U78EmzA3Ec6xS/shutterstock_537448696_dxogcf.jpg"], "tags": ["bitcoin", "cryptocurrency", "money", "news", "btc"]}"
created2017-07-30 18:48:27
last_update2017-07-30 18:48:27
depth0
children8
net_rshares189,691,947,388
last_payout2017-08-06 18:48:27
cashout_time1969-12-31 23:59:59
total_payout_value0.630 SBD
curator_payout_value0.119 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,954
author_reputation154,881,661,891
root_title"Bitcoin is on course to become a formal currency"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (57)
@aryan12o ·
Very Informative Article...Nice!!
👍  
properties (23)
post_id8,748,603
authoraryan12o
permlinkre-cryptoyt-bitcoin-is-on-course-to-become-a-formal-currency-20170730t185038256z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-07-30 18:50:48
last_update2017-07-30 18:50:48
depth1
children1
net_rshares1,344,410,507
last_payout2017-08-06 18:50:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length33
author_reputation90,968,050,766
root_title"Bitcoin is on course to become a formal currency"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@cryptoyt ·
thanks
properties (22)
post_id8,748,824
authorcryptoyt
permlinkre-aryan12o-re-cryptoyt-bitcoin-is-on-course-to-become-a-formal-currency-20170730t185409829z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-07-30 18:54:06
last_update2017-07-30 18:54:06
depth2
children0
net_rshares0
last_payout2017-08-06 18:54:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length6
author_reputation154,881,661,891
root_title"Bitcoin is on course to become a formal currency"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@mgtow-stacker ·
$0.03
Transactions with bitcoin are too slow...
👍  ,
properties (23)
post_id8,748,626
authormgtow-stacker
permlinkre-cryptoyt-bitcoin-is-on-course-to-become-a-formal-currency-20170730t185154869z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-07-30 18:51:03
last_update2017-07-30 18:51:03
depth1
children3
net_rshares6,804,733,170
last_payout2017-08-06 18:51:03
cashout_time1969-12-31 23:59:59
total_payout_value0.026 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length41
author_reputation4,084,238,652
root_title"Bitcoin is on course to become a formal currency"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@cryptoyt ·
It is because a lot of people have arrived this last year and the servers do not give a shit, that's why the miners want to change the system and the deadline is in 2 days more on August 1st.
👍  
properties (23)
post_id8,748,786
authorcryptoyt
permlinkre-mgtow-stacker-re-cryptoyt-bitcoin-is-on-course-to-become-a-formal-currency-20170730t185337909z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-07-30 18:53:33
last_update2017-07-30 18:53:33
depth2
children2
net_rshares4,920,046,436
last_payout2017-08-06 18:53:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length191
author_reputation154,881,661,891
root_title"Bitcoin is on course to become a formal currency"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@mgtow-stacker ·
$0.03
To think if even more ppl were to ise it.... would take days to transfer.... i guess thats whats holding bitxoin back from true growth...
👍  , ,
properties (23)
post_id8,749,513
authormgtow-stacker
permlinkre-cryptoyt-re-mgtow-stacker-re-cryptoyt-bitcoin-is-on-course-to-become-a-formal-currency-20170730t190501739z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-07-30 19:04:09
last_update2017-07-30 19:04:09
depth3
children1
net_rshares7,460,028,613
last_payout2017-08-06 19:04:09
cashout_time1969-12-31 23:59:59
total_payout_value0.028 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length137
author_reputation4,084,238,652
root_title"Bitcoin is on course to become a formal currency"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (3)
@majana222 ·
A good post !
properties (22)
post_id8,748,839
authormajana222
permlinkre-cryptoyt-bitcoin-is-on-course-to-become-a-formal-currency-20170730t185417202z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-07-30 18:54:18
last_update2017-07-30 18:54:18
depth1
children0
net_rshares0
last_payout2017-08-06 18:54:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length13
author_reputation0
root_title"Bitcoin is on course to become a formal currency"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@minnowsupport ·
<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by top7 from the Minnow Support Project.  It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123.  The goal is to help Steemit grow by supporting Minnows and creating a social network.  Please find us in the <a href="https://discord.gg/HYj4yvw">Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p>

<p>If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.</p>
properties (22)
post_id8,750,109
authorminnowsupport
permlinkre-cryptoyt-bitcoin-is-on-course-to-become-a-formal-currency-20170730t191227960z
categorybitcoin
json_metadata"{"app": "cosgrove/0.0.1rc3", "tags": ["bitcoin"]}"
created2017-07-30 19:12:27
last_update2017-07-30 19:12:27
depth1
children0
net_rshares0
last_payout2017-08-06 19:12:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length705
author_reputation104,981,098,086,561
root_title"Bitcoin is on course to become a formal currency"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000