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Yes, easily. And the existence of an intermediary isn't a disqualifier. You're still sending USD when you send someone USD over Paypal, you're still sending Bit
by Karunamon 8y ago
Yes, easily. And the existence of an intermediary isn't a disqualifier. You're still sending USD when you send someone USD over Paypal, you're still sending Bitcoin when you send someone Bitcoin over Coinbase.
Bitcoin is responsible for moving hundreds of millions of dollars every single day[1]. That is not a reasonable definition of "failure". Similarly, your gran using it is not a singular definition of success.
[1]: https://data.bitcoinity.org/markets/price_volume/30d/USD?t=lb&vu=curr https://data.bitcoinity.org/markets/price_volume/30d/USD?t=l...
- pavlov 8y agoPenny stocks have market volume too. The only difference is that penny stocks don’t pretend their trading volume is an indicator of some inherent utility because of a whitepaper ten years ago.
- Karunamon 8y agoCurrencies are not equivalent to securities in their definitions of success or nearly any other way I can conceive of. We just had a legal fight about this definition.