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Currency 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 difficu
by icarus_drowning 15y ago
Currency 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.