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Of course bitcoin is about transmitting money, almost by definition. I can't believe it has gone this far without regulation. If the argument is that is just a
by jacknews 5y ago
Of course bitcoin is about transmitting money, almost by definition. I can't believe it has gone this far without regulation.
If the argument is that is just an asset (which I believe was strongly argued against by bitcoin proponents, at least in early days), then what kind of asset is it? It has absolutely no value beyond it's monetary value.
- biztos 5y agoMaybe it’s a new kind of asset. A consensus asset, in which the value lies in the consensus itself and does not require any other utility? (I’m speculating but this is how I interpret a lot of the defenses of Bitcoin I have heard.)