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Bitcoin has intrinsic value: trustless transfer of digital quantity. Speculative bubbles can happen around anything, whether it has value or not. Beanie babies
by shrimpx 9y ago
Bitcoin has intrinsic value: trustless transfer of digital quantity.
Speculative bubbles can happen around anything, whether it has value or not. Beanie babies and AI are examples of things that were/are the subject of speculative bubbles.
It's really hard to imagine the Bitcoin tech will just poof go away when the market tanks. No way.
- erikpukinskis 9y agoYou’re spot on. But while Bitcoin almost certainly won’t go poof, it could dry up. ETH and Monero each take a slice of the market away (smart contracts and anonymous, respectively). More will come that take away more niches. Lots of things can transfer quantity trustlessly now. The question is: in a world with thousands of established way to send quantity, how much is the “plain old ledger” worth?