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Money is abstract and mystique. You see value in it because of your expectations that build on past experiences. With bitcoins, people have yet to make experien
by stewbrew 5y ago
Money is abstract and mystique. You see value in it because of your expectations that build on past experiences. With bitcoins, people have yet to make experiences.
- klelatti 5y agoIndeed. I wonder if buying Bitcoin is the purest form of technological optimism too: faith that the human species is clever enough to find a use for it.
- dragonwriter 5y ago> I wonder if buying Bitcoin is the purest form of technological optimism too: faith that the human species is clever enough to find a use for it. It can be. Can also be the purest form of cynicism, too: the enduring faith that there is a sufficient perennial reserve of tech optimism that the absence of broad practical application won’t prevent their from being a market of activists willing to purchase at higher and higher prices. I suspect a lot is between those extremes, though.
- klelatti 5y agoAgree 100%. It sort of has something for a lot of different groups which I guess is part of the reason for its success.