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Hundreds of millions in possession of bitcoin maybe, but the number using it for any legitimate purpose is a miniscule fraction of that. The vast majority are i
by Devasta 5y ago
Hundreds of millions in possession of bitcoin maybe, but the number using it for any legitimate purpose is a miniscule fraction of that. The vast majority are in it under the assumption that bigger rubes will come along later to buy it off them.
- Geee 5y agoPossession is a legitimate purpose. The primary function of money is to be a store of wealth. Medium of exchange and unit of account are secondary.
- Devasta 5y agoEven if we pretend that's true for the moment, it's also a shitty store of wealth, being propped up by a never ending supply of totally-backed-by-USD tether.