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No! Bitcoin is a currency not a commodity. There is plenty of value in using it on those merits and that value increases the currency proliferates.
by dcow 8y ago
No! Bitcoin is a currency not a commodity. There is plenty of value in using it on those merits and that value increases the currency proliferates.
- radiusvector 8y agoThe "currency" use-case has not proliferated or reached adoption at a scale (by any measure) that would make it a worthy medium of exchange, which fundamentally is the definition of a currency.
- dcow 8y agoThe paper precisely argues that the proliferation of BTC as a currency is a factor in their assertion about the value.