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This is not at all a fair comparison. For one thing, the scarcity of bitcoin is not really all that artificial. You can't forge BTC and there's no central organ
by stickfigure 8y ago
This is not at all a fair comparison. For one thing, the scarcity of bitcoin is not really all that artificial. You can't forge BTC and there's no central organization that can suddenly print more.
The other thing is that bitcoin actually solves a need in the world - the ability to transfer wealth from one person to another anywhere in the world without intermediaries. Folks can argue about how necessary this is for the average person, but it's certainly something that beanie babies (or any other physical collectible good) cannot provide.
- cycrutchfield 8y ago>The other thing is that bitcoin actually solves a need in the world - the ability to transfer wealth from one person to another anywhere in the world without intermediaries. See, the only people for whom this is an actual “need” are crazy libertarians (questionable) and criminals (absolutely). Nobody else in the world considers this an unmet need. What good is a solution in search of a problem?
- stickfigure 8y agoNobody else in the world considers this an unmet need. Pretty much the entire population of Venezuela and Zimbabwe would beg to differ... and that's just recent history.