3 ms·

Bitcoin won't have any value beyond speculation until it loses its speculative value. That's what he's alluding to. Bitcoin is useless as a currency until it re

• blueprint 9y ago
  Nonsense. Proof? I use it as a currency all the time. I also use Monero (which btw is specifically designed to be a real currency) yet its price keeps rising. QED. And by the way, these are not dark web purchases. Not that it matters at all. How do I use it as a currency? Easy. Actually use it. If you worry about price going down, just convert it to USD when you receive it. Think of it as a settlement layer. Because... it is. There. Now you get to try to tell me why what I said is false. Surely you're not saying that Bitcoin cant be a currency because it hasnt taken over the world yet, therefore it still has relevant volatility. By the way, exactly 0 of the 5 properties of a currency are "no volatility". And this is part is funny. Would you care to quantify the bounds of volatility at which a security tranforms into a currency? Does market manipulation NOT happen in foreign currency exchange? Do you consider USD Tether a currency? /me gets lawnchair out Guess this means no one is able to refute my price vs value claim either.