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Bitcoin isn't valuable because of its technical properties, just like gold isn't valuable because of its physical properties. Both are valuable because of thei
by dmihal 6y ago
Bitcoin isn't valuable because of its technical properties, just like gold isn't valuable because of its physical properties.
Both are valuable because of their universally recognized scarcity and value. If you want to put your wealth in a SoV cryptocurrency, Bitcoin is the clear schelling point.
Ether will remain competitive with BTC, it may even flip it in market cap, but I doubt Bitcoin will ever go away.
- kgilpin 6y agoBitcoin is valuable because of its value?
- wocram 6y agoJust like USD :)
- blueterminal 6y agoYou must pay taxes in USD. BTC and USD are really not comparable.
- ric2b 6y agoYou must pay for Bitcoin transaction fees with BTC, same idea different scale, I guess. I don't think taxes justify the value of a state currency, otherwise the value would fluctuate wildly when close to tax season.