4 ms·
With BTC there is utility in being able to move value around with no banks and no transfer of physical assets. BTC does not have a monopoly on this utility. T
by godzillabrennus 8y ago
With BTC there is utility in being able to move value around with no banks and no transfer of physical assets.
BTC does not have a monopoly on this utility. Time will tell if it can maintain its leadership position in market size but I seriously doubt it.
- not_kurt_godel 8y agoYou can only move value around if it has value in the first place. Its only real value is in the hype around it that has been used to milk gullible people. Once the hype dies and the supply of money from gullible people has been exhausted, which is clearly already happening, it will lose all value and utility.
- godzillabrennus 8y agoAvoiding bank fees is value. Removing banking hours is value. Providing a store of value outside of a conventional financial system has value. Let the free market decide how much value.