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Your analogies miss the mark because in addition to the negative things you’ve pointed out, Google Search, for example, _is_ useful. Comparing the usefulness o
by School-Cotton 5y ago
Your analogies miss the mark because in addition to the negative things you’ve pointed out, Google Search, for example, _is_ useful.
Comparing the usefulness of Bitcoin to Google Search or the smartphone is asinine.
> Somehow I'm guessing most people who like bitcoin in 2011 aren't reeling from the failure of bitcoin.
Of course not — they’re all extremely wealthy. That’s irrelevant to the discussion; I’m sure the author of this piece understands that Bitcoin has increased in value, but that’s not at all what the piece is about.
- anm89 5y agoHow ridiculous to suggest that there is some objective trait called useful that you have a monopoly on determining. Turns out that various people may find all of these various things either useful or not useful because it is subjective.
- philosopher1234 5y agoWhat is useful about Bitcoin? I genuinely don’t understand what use people see in it. Do you have a use? It seems to me the main use is “get rich on vetting it will go up” because I haven’t been able to find any other articulation of why i might ever want to use it.
- errantmind 5y agoCan you not imagine a future where the value of the USD is continually inflated by the FED to benefit particular segment of society, and wanting an out? What if there was this currency that no government could inflate away for political reasons, that you could really rely on to be free of short-term economic thinking?
- beambot 5y ago> What is useful about Bitcoin? No quasi-governmental agency can unilaterally decide to print gobs more of it & drive inflation through the roof... https://fred.stlouisfed.org/series/M1 https://fred.stlouisfed.org/series/M1
- chaxor 5y agoHave you never eaten with a friend and had to pay them with Venmo? You could also do it with paypal, or even hugs. Or Monero. It's a bit more stable since people use it as a currency more often. You have options, which pretty much depend on what that person wants to receive. It's not that big of a deal guys, stop the hate. It's a bit childish really
- polio 5y agoOkay, how about you give us an example of its utility aside from being a speculative instrument
- errantmind 5y agoHow about instantaneous, near free payments and money transfer anywhere in the world? Please take a look at the lightning network.
- yuuu 5y agoOh yeah, the comparisons of Bitcoin with XML and a train wreck are much better and much more accurate than the commenter's analogies.