4 ms·
At the minimum you can't fake its value.
by ujal 9y ago
At the minimum you can't fake its value.
- tptacek 9y agoNo, obviously you can. You're confusing the bits covered by a signature with the real-world interpretation of those bits.
- ujal 9y agoWell, good luck getting even the real inflation rate from a corrupt government.
- tptacek 9y agoGood luck buying a slice of pizza with bitcoin.
- ujal 9y agoIn Zimbabwe you can.
- tedunangst 9y agoSometimes I wonder what percentage of the people talking about all the things one can do with bitcoin in Zimbabwe have been to Zimbabwe and done those things.
- ujal 9y agoIn this case I was the child of my parent. But given that people over there are selling their cattle with bitcoins it seems not too far off.
- tptacek 9y agoAre they transacting in bitcoin, or simply using bitcoin as a device to evade capital controls? There are lots of ways to get around capital controls, and bitcoin may very well be an effective way to do that, but that's not evidence of bitcoin's utility as a mainstream currency.
- deleted 9y ago[deleted]