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> It seems trivial to imagine a thing that is very expensive but still has ~no value as a currency. What are some examples? Keep in mind that Bitcoin doesn't
by bhupy 6y ago
> It seems trivial to imagine a thing that is very expensive but still has ~no value as a currency.
What are some examples?
Keep in mind that Bitcoin doesn't have to ever be a "currency" for it to remain relevant, as a "thing".
- adflux 6y agoConsidering that it was touted as the future digital CURRENCY until up to about 2 years ago, it has failed horribly in that regard. Its no longer being used on darknet either, that place has been taken by monero. Bitcoin failed as a currency. Bad UX, high fees, high volatility. All things you dont want for a currency. Now for a store of value, thats something else. If everyone "believes" it to be worth something, thats what it'll be.
- bhupy 6y agoWe agree. Bitcoin doesn't ever have to be a currency, but that doesn't mean that it will ever be "dead".
- londons_explore 6y agoIt isn't impossible for it to form a currency sometime in the future... Something like lightning popping up that actually worked could turn it into a currency overnight.
- andrepd 6y agoLightning network will improve transactions substantially.
- ben0x539 6y agoidk, expensive cars?