3 ms·
> Then they don’t sell them because they know other people will want them in the future. This artificially inflating demand for the item, with a very long dela
by tinco 6y ago
> Then they don’t sell them because they know other people will want them in the future.
This artificially inflating demand for the item, with a very long delay or even obfuscated feedback.
I agree that the value store is a (the only) viable use case for BTC. Although commodities in general check the same boxes without the awkwardness of Bitcoin.
BTW when you say "better money" you mean for this specific use case right? Obviously BTC and cryptocurrency in general are not as good as regular money in general.
- Empact 6y ago> commodities in general check the same boxes without the awkwardness of Bitcoin To name a few properties, commodities can not be transferred anywhere in the world quickly and at low cost in a censor-less fashion, can not be transported in an immaterial form (e.g. a "brain wallet"). > when you say "better money" you mean for this specific use case right? I mean better at exhibiting the properties of money (originally articulated by Aristotle): durability, divisibility, portability, etc. Fiat fails at durability, through ongoing inflation. Art fails at: divisibility, etc. https://hangthebankers.com/aristotle-and-the-definition-of-money/ https://hangthebankers.com/aristotle-and-the-definition-of-m... https://omniequivalence.com/monetary-properties/ https://omniequivalence.com/monetary-properties/ https://www.economicsdiscussion.net/money/top-8-qualities-of-an-ideal-money-material/609 https://www.economicsdiscussion.net/money/top-8-qualities-of...