No, you need to have network effects and a mechanism to control supply so that the amount in circulation roughly matches the goods and services on offer.
This is really hard so only governments currently can do it.
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Bitcoin and network effect? - Check
Controlling Money Supply in Bitcoin? - Check
Control of supply in goods and Services in circulation and offer is NOT needed (wtf?!?!). —>Otherwise gold would not function at all.
So honest question: What is the Problem again?
> Bitcoin and network effect? - Check
A network for a currency would be a circular economy of buyers and sellers. There's no such thing.
> Controlling Money Supply in Bitcoin? - Check
Controlling doesn't mean limiting. It means the supply can be increased or decreased to match the goods and services on offer.
The supply of Bitcoin can not be decreased and not be increased above 21m.
> Control of supply in goods and Services in circulation and offer is NOT needed (wtf?!?!). —
Nowhere did I say "control of supply in goods and services". We live in a free world and can offer as much or as little as we like.
However the supply of money has to roughly match the supply of goods and services for prices to be stable.
> Otherwise gold would not function at all.
It doesn't. There are as many shops doing business in gold as there are in Bitcoin. None.
> So honest question: What is the Problem again?
The above.