What is the point of bitcoins

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Thought differently, how to buy bitcoin btc markets with you

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And while SilkRoad did give Bitcoin a bad name, the first BTC payment had nothing to do with drugs, unless you consider cheese interchangeably. So is the point of cryptocurrency to buy pizza?

In some ways, yes, but it provides so much more potential. Many see cryptocurrency as a store of value, or an investment, which is also true. While cryptocurrency does function as a currency, it has also proven to be a great store of value. Just because it has the potential to increase in value, does not mean that will always be the case, as we have seen with other commodities and the notorious tulip bubble.

Regardless, hundreds of mainstream companies have started to accept Bitcoin and other cryptocurrencies as a form of payment. Microsoft actually began accepting Bitcoin as early as It is simultaneously an investment and a tradable currency. Then came the rise of utility tokens, tokens that provided holders with privileged services. Utility tokens could come in the form of governance, game access, discounted trading fees, and more. Utility tokens aim to go above and beyond the confines of investment or currency, they were created to provide users with useful functionality.

By holding these tokens, you get access to their Play2Earn game, as well as unique creatures to start your journey with. Each Axie has its own individual strengths and weaknesses based on its genetic combinations. Players can earn AXS by playing the game, then use them to breed, battle, and decide the future of the game.

Players are not just holding a tradable currency or investment, holding AXS gives them access to a whole world of earning potential. The game also features SLP, an uncapped utility token.

Cryptocurrency and its usage can not be limited to one definition, especially as the industry continues to expand. Projects are finding ways to use cryptocurrency to solve an infinite amount of problems.

As more problems become exposed, more cryptocurrencies pop up providing solutions. The point of cryptocurrency may be a way for projects and companies to provide their customers with decentralized solutions, it may be a way to buy pizza, and it may even just be a cryptocurrency. With each unique cryptocurrency comes a unique purpose, all aiming to be greater.

The additional security, lower fees, and faster speeds of blockchain all contribute to the growing cryptocurrency markets, and each project will have a different answer for what the point of cryptocurrency is. When Bitcoin goes down, altcoins tend to go down, too. The cryptocurrency market seems to be all just one big game of gambling on one market. Altcoins do demonstrate one important thing about Bitcoin.

Even if cryptocurrency is the future and every piece of data will be stored on a blockchain, Bitcoin could still become worthless and get left behind as people switch to altcoinsпїЅeither current altcoins, or the altcoins of the future. What gives Bitcoin its value, whatever that value is at the moment, is that people believe it has value. If enough people agree on an altcoin that they like better, Bitcoin could be abandoned.

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