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Bitcoins don't have to be tradable to dollars to represent nonzero value. Their utility is in and of itself valuable. It might not have value to you, but that's
by icarus_drowning 15y ago
Bitcoins don't have to be tradable to dollars to represent nonzero value. Their utility is in and of itself valuable. It might not have value to you, but that's different than suggesting that it has no value at all.
- scott_s 15y agoI fail to see how their "anonymity" has value when it cannot be exchanged for real currency.
- icarus_drowning 15y agoCurrency is a placeholder for value. So long as I can exchange bitcoins for value, they will function as a currency. The design of bitcoin makes it very difficult for governments to make such a scenario impossible (or even difficult). For that reason alone, bitcoins will remain valuable, if for nothing other than goods or services that governments don't like.
- scott_s 15y agoPeople who participate in illegal trade (such as drugs, guns, prostitution, etc.) still need most of their purchases to be in the legal economy. Hence, illegal trade still uses real currency.