Some of that isn't necessarily the traits of currency. They're more like cash.

I know the properties of a currency, but thanks. Now that you looked that up, do you still think BTC isn't a currency?

I don't think BTC will be used as a currency by a significant portion of the population in the next 10 years. However, it can be used as a currency as much as a stock or commodity can be.

Agree on the first point. as for #2, it can be used as a currency much cheaper and much, much faster than any stock or commodity. for use as a currency, stocks and bitcoin are not comparable.

I guess it depends on if you prefer your currency cheaper and faster or safer as many stocks are significantly more safe than BTC.

Either way, the USD is still being voted overwhelmingly better than stocks, commodities and BTC as the best currency and it is tough to imagine a world where this changes over the next 20 years.

again, going on the accepted definition of a currency, which you helpfully provided, stocks are not a currency

I agree. I'm sure it was also hard for most people in 1985 to imagine a world so drastically changed by the internet in 20 years.

The point is that BTC fails at being acceptable in the 7 rules of being a currency that I posted (and you approved?) so they aren't a currency either. Just because you can buy a pizza from 1% of the companies that sell pizza in the world, amazon gift cards from some dude and a few other niche places doesn't mean BTC is able to be used as a currency.

Divisible: Can be divided into smaller units of value.
Fungible: One unit is viewed as interchangeable with another.
Portable: Individuals can carry money with them and transfer it to others.
Durable: An item must be able to withstand being used repeatedly.
Acceptable: Everyone must be able to use the money for transactions.
Uniform: All versions of the same denomination must have the same purchasing power.
Limited in Supply: The supply of money in circulation ensures values remain relatively constant.

This isn't a test where getting 6/7 means you pass and are a currency. 6/7 is as good as 1/7 as this is a black and white issue.

Stocks are as much of a currency as BTC is.

what makes this a black and white issue? stocks are not divisible, not acceptable, not uniform, and supply limit could be argued. btc on the other hand only has shortcomings in 1 category: acceptability. Despite these shortcomings, btc is much easier to transact with than stocks, and it's also easier to convert btc to other forms of currency than it is for stocks.

if you want to make this issue black and white... USD isn't a currency because it isn't accepted everywhere.

The cuckoo analogy is perfect. Blockstream destroyed the original egg (Bitcoin) when they disabled critical op-codes and imposed a permanent 1 Meg cap. They replaced it with their own egg (Lightning network, for which they own the exclusive patents). The entire value proposition of the Bitcoin network has been decimated and crippled purposefully, and the bagholders cheer all the way as said value is steadily transferred to the Lightning network. Bitcoin (BTC) is now absolutely dependent on Lightning to function. The relationship is asymmetrical, as Lightning can function with any other currency. The only people who profit from Lightning adoption are Blockstream.

Notice how so many 'influencers' in the space now use the Lightning symbol interchangeably with the Bitcoin symbol. It's all rather Orwellian.

The Lightning network does not exist in symbiosis with Bitcoin, it's a COMPETITOR to the Bitcoin network, competing for users, merchants and transaction fees - which Bitcoin miners need to survive as block rewards diminish.

Any thoughts on the Kraken stock offering?

It matters because that person controls a huge amount of bitcoin. The manipulation done by the current whales is nothing compared to what Satoshi could do.

Who cares... when the winkles, novo, and mcafee are industry leaders, what can go wrong?

Well there are a lot of currencies you could only buy pizza from 1% of the pizza places in the world. There are a lot of currencies that are only accepted in the country that currency belongs to. So those are no longer currencies according to you.

They just cashing out because they know a bunch of competition is coming fast. I'd just stick with BTC

You keep on comparing stocks to BTC. The above list is a good reason why it doesn't make any sense. BTC does extremely well on divisibility, durableness, supply and portability. Because of the public ledger it's not as strong as cash on the fungibility/uniform(these properties overlap??) properties. I think there's a slight markup for fresh coins. Privacy needs improvement.

It's not accepted at a lot of places, so it's hard to use it as a medium of exchange right now. It's a lot better than stocks though, lol. I can't think of any merchant who accepts apple stock as payment, would be pretty funny though.

Don't bother arguing. Saying stocks and BTC are similar with regards to a currency is just so dumb that it doesn't merit responding.

Can you send me a stock instantly across the world? Does that stock have 24/7 liquidity worldwide?

You could send me BTC and I could receive it, convert to my national currency via LocalBTC and have the money in my account all within 30 minutes with close to zero slippage.

Bears also don't realize that nobody thinks BTC has reached full currency status yet. It's on its way.

Say what??? You mean with 5+% fees. Perhaps if you live in one of a few major cities you can do it cheaper.

End to end currency to currency with bitcoin is far more expensive and slower than other services. Why do you think virtually no one uses this turd and nearly all usage is illegal, gambling and ponzi speculation?

I trade on Local BTC almost every week and always get very close to spot, sometimes actually even higher than spot. But yeah nobody uses it, only a billion dollars a day onchain.

This simply isn't true in most cases, unless you're talking hypothetical at scale.

I could go into detail, but explain to me why 99% of poker players on the Live/MTT circuit use Bitcoin instead of banks for currency conversion?

Anyone who doesn't believe that if/when Bitcoin achieves a marketcap that hints to threaten central bank's monetary controls and/or govts management of money movement (particularly US control of SWIFT) is wearing rose colored glasses and not living in reality.

One congressman already acknowledges the potential threat of Bitcoin to undermine the US's geopolitical soft-power through the control of the global reserve currency. Guess what the reaction is?

https://www.youtube.com/watch?v=Cnz2oo8MRas

This may be the wrong place to ask. I'm not an expert in crypto, still learning but I'm starting to understand the basics. I'm from Canada and heading to vegas for WSOP. To not deal with carrying a pile of cash on the plane and across the border or the pain in the ass that is a modern day bank wire transfer, would I be breaking any laws by coming with BTC, exchanging for USD when I get there, and then exchanging back to BTC before I leave home?

Apologies if it's an obvious question but I don't have much time right now to search and figured 2+2 was the best place to ask.

No, but if Canada's laws are anything like the US, you have to pay taxes on the capital gains when you sell. Honestly though, you could probably do nothing and get away with it.

You can always use Wasabi to mix your coins for extra privacy. This way you break the chain of your utxo's, which makes them really hard to track.

i am noob and bought BTC for the first time from coinbase with banck account.
Why i have a 15 hold?! i cant transfer the BTC. Did this happen to anyone?
Thanks