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On the contrary. It generates massive value for people living in countries with unstable currencies and governments. I assume you're living comfortably in a cou
by cgmg 9y ago
On the contrary. It generates massive value for people living in countries with unstable currencies and governments. I assume you're living comfortably in a country with a stable currency, but not everyone is.
http://www.cbc.ca/news/world/venezuela-bitcoin-1.4447568 http://www.cbc.ca/news/world/venezuela-bitcoin-1.4447568
- dvt 9y agoThis is an extreme edge case (and a commonly used, I would say flawed, argument). The great majority of BTC users/miners are not Venezuelans, Zimbabweans, etc. Also, implying that BTC is somehow "stable" is extremely misleading.
- cgmg 9y agoWhy is it a 'flawed' argument? You specifically said 'the only value it actually generates is for X' and I showed that your claim was factually incorrect. Why do you think that is flawed? Because you were wrong?