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Minor point, it’s a cryptocurrency not a currency. I don’t think it’s fair to compare it to government backed currencies because of its novelty and decentralize
by reidjs 8y ago
Minor point, it’s a cryptocurrency not a currency. I don’t think it’s fair to compare it to government backed currencies because of its novelty and decentralized properties.
- cwyers 8y agoIf you could only get Team Fortress 2 hats or whatever with Bitcoin, that's one thing. People have been exchanging it for USD. Since it doesn't have any intrinsic value (it's not like a concert ticket or gold) outside of a medium of exchange and a store of value, comparing it with other currencies is completely fair.
- solarkraft 8y agoNeither gold nor concert tickets have intrinsic values.