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Comparing bitcoin to stamps is silly. A rare stamp is valuable because of novelty and entertainment value basically, as you said. Neither of those things give b
by billytetrud 6y ago
Comparing bitcoin to stamps is silly. A rare stamp is valuable because of novelty and entertainment value basically, as you said. Neither of those things give bitcoin value, rather bitcoin gets it's value from it's properties that give it greater utility than alternatives in many situations, and it's network effects.
- ctdonath 6y agoGiven there are many alternatives to Bitcoin, and considering how many juggernaut technologies I've seen vanish with hardly a trace, I'll stick with the position that Bitcoin isn't inherently & durably valuable precisely because john_alan (posting above) doesn't use it. There's plenty of other products that do the same, perhaps better, and the only reason Bitcoin is in use now is because it isn't not used.
- john_alan 6y agoIt will be a long time (maybe forever) before the masses use Monero or equivalent though...