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You can buy gold with bitcoins. We should be aware of any unstable direct effect caused by bitcoins/gold no matter how useful the end product is.
by mkagenius 9y ago
You can buy gold with bitcoins. We should be aware of any unstable direct effect caused by bitcoins/gold no matter how useful the end product is.
- hinkley 9y agoBut gold has a use other than for trade. If a bitcoin replacement were built on, say, folding proteins, then the information gathered has a benefit that outlasts the value of the currency. Bitcoin only accomplishes two things: burn dinosaurs and slowly erode the usefulness of SHA2. Maybe it improves the situation for ASIC manufacturers? I dunno. But gold improves the situation of wheelbarrow and shovel manufacturers just as much.