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Bitcoin isn’t likely to be banned. Might as well ban World of Warcraft gold while you’re at it. Clearly it has value as a speculative vehicle and as a systemi
by parasubvert 6y ago
Bitcoin isn’t likely to be banned. Might as well ban World of Warcraft gold while you’re at it.
Clearly it has value as a speculative vehicle and as a systemic risk hedge (like Gold). Whether it can become a true currency is still debatable. Its infrastructure feels more like selling stock or bonds today.
- bhouston 6y agoIt is not a currency. It is an asset like gold for sure. I think because it is deflationary in nature, it will stay an asset. Currencies need inflation to encourage spending.
- parasubvert 6y ago100x this. I still don't quite get the logic behind hard money.