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But if those cryptocurrencies keep never amounting to anything, then the bribing won't keep working, right?

• jondubois 8y ago
  It will but maybe it will be harder to do it. It's like if you could give some shares of your startup to a journalist in exchange for writing an article about your startup. Cryptocurrency can act like shares without central authority. If enough software services rely on a specific cryptocurrency as payment, then it has actual intrinsic value
  • aklemm 8y ago
    "If enough software services rely on a specific cryptocurrency as payment, then it has actual intrinsic value" I wish I'd seen this earlier. Pretty sure this is false, but it is an excellent summation of the thought behind what's run up digital currencies.