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I have great difficulty in regarding BitCoin as 'real'. The same way that I have difficulty in regarding paper tokens (currency, share certificates, gold certif
by simonblack 6y ago
I have great difficulty in regarding BitCoin as 'real'. The same way that I have difficulty in regarding paper tokens (currency, share certificates, gold certificates, etc) as 'real'. Those paper tokens have ZERO real intrinsic value, no matter what numbers can be printed on them.
Examples where the zero 'paper'value is reflected in what the tokens represent: Zimbabwe and Confederate banknotes, share certificates in non-existent companies, deeds to nationalised land, etc.
BitCoin is really just a set of numbers, no different to the very simplistic "2 + 2", and having no more intrinsic value than that.