4 ms·
NOT being backed by any one country or central bank is Bitcoin's primary value proposition.
by deweller 9y ago
NOT being backed by any one country or central bank is Bitcoin's primary value proposition.
- optimuspaul 9y agosure not being back by one is a value prop, but not being backed by any is a miss in my opinion. I think the decentralized is great, but it's so decentralized it's basically thin ice.
- madamelic 9y ago>NOT being backed by any one country or central bank is Bitcoin's primary value proposition. Absolutely. But if no one is backing it and it has no purpose that supports its value, it shouldn't be worth a lot. Monero is underpriced because it is actually useful and can support that price. Bitcoin is worth something, just not 11k in my opinion.
- xiphias 9y agoThe futures market is coming in a few weeks, so if you ar so sure, you can short Bitcoin, but I wouldn't bet against the best store of value ever created.