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Bitcoin can be used for making transactions on the Bitcoin network, and to store information permanently on the Bitcoin blockchain. Here are examples of applica

by ilammy 6y ago

Bitcoin can be used for making transactions on the Bitcoin network, and to store information permanently on the Bitcoin blockchain. Here are examples of applications. Industrial applications of gold as imaginary as those applications of Bitcoin are. You can use other metals as conductors, and the whole notion of a specific arrangement of molecules being called “an appliance” or “a jewellery piece” is just human imagination.

imtringued 6y ago
> Bitcoin can be used for making transactions on the Bitcoin network, and to store information permanently on the Bitcoin blockchain. Here are examples of applications. Why would I want to do this on Bitcoin specifically? There are thousands of cryptocurrencies that offer this and an entire banking system that specializes in financial transactions. >You can use other metals as conductors, and the whole notion of a specific arrangement of molecules being called “an appliance” or “a jewellery piece” is just human imagination. The difference is that it is a form of human imagination shared by most humans. The golden appearance has a certain appeal to it. If humans want it regardless of its value on the financial markets that is a reason to agree that gold is THE store of value instead of silver or Bitcoin being THE store of value. This is a popularity contest and being able to wear and see your gold gives you a massive head start in the popularity contest.
not_kurt_godel 6y ago
> the whole notion of a specific arrangement of molecules being called “an appliance” or “a jewellery piece” is just human imagination. Yes indeed! And you know what they say about too much imagination - VERY dangerous. In light of this, I am making a special one-time offer to you to improve your safety by sending me specific arrangements of molecules you may have that take the form of gold or US "dollars". Act now before it expires!

by ilammy 6y ago

imtringued 6y ago

> Bitcoin can be used for making transactions on the Bitcoin network, and to store information permanently on the Bitcoin blockchain. Here are examples of applications. Why would I want to do this on Bitcoin specifically? There are thousands of cryptocurrencies that offer this and an entire banking system that specializes in financial transactions. >You can use other metals as conductors, and the whole notion of a specific arrangement of molecules being called “an appliance” or “a jewellery piece” is just human imagination. The difference is that it is a form of human imagination shared by most humans. The golden appearance has a certain appeal to it. If humans want it regardless of its value on the financial markets that is a reason to agree that gold is THE store of value instead of silver or Bitcoin being THE store of value. This is a popularity contest and being able to wear and see your gold gives you a massive head start in the popularity contest.

not_kurt_godel 6y ago

> the whole notion of a specific arrangement of molecules being called “an appliance” or “a jewellery piece” is just human imagination. Yes indeed! And you know what they say about too much imagination - VERY dangerous. In light of this, I am making a special one-time offer to you to improve your safety by sending me specific arrangements of molecules you may have that take the form of gold or US "dollars". Act now before it expires!