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And that doesn't mean a thing for the value of an individual Bitcoin. Just like the USD, it's worth something because people say it's worth something.
by s73v3r_ 8y ago
And that doesn't mean a thing for the value of an individual Bitcoin. Just like the USD, it's worth something because people say it's worth something.
- mkirklions 8y agoThe quantity is the big deal. Tomorrow there will be more USD than yesterday. This isnt true for BTC.
- s73v3r_ 8y agoConsidering BTC is infinitely divisible, that doesn't matter.
- mkirklions 8y agoI found spending time learning economics and marketing changed my understanding of the world. I think it would be very beneficial for everyone(especially HN crowd) to learn this. Your sentence isnt important.
- s73v3r_ 8y agoAssuming that people who disagree with you do it only because they "don't understand economics" (here's a huge hint: That's not why at all) is extremely uncivil and dismissive. In the same token, I can easily say that the only reason you are in favor of these things is because you've forgotten the last couple hundred years of economic history.