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Bitcoins are digital-hawalas and therefore are keepsakes. You can find yourself or pay to get someone's keepsakes. There is no counter-party, just like gold and
by templarchamp 6y ago
Bitcoins are digital-hawalas and therefore are keepsakes. You can find yourself or pay to get someone's keepsakes. There is no counter-party, just like gold and oil. Once I own it, there is no way to consume it other than to barter it. It could be made illegal anytime by authorities.
- bitxbitxbitcoin 6y agoI also like the digital-hawala analogy for explaining bitcoin's value. The fact that it could be declared illegal by fiat doesn't completely remove its usefulness because at the end of the day it's open source software.
- sn_master 6y agoFentanyl, Meth, Shrooms, Credit Reports, child abuse videos, guns and gun parts, credit reports, scamming the elderly out of their lifesavings with BTC ATMs and strong arming hospitals into paying tens of millions with ransomware during the pandemic are "keepsakes"? Please fix your time machine and join us in 2021, Its awesome in here!