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The application of Bitcoin is also crystal clear: distributed, digital money. It’s like gold, but electronic, and therefore much faster/cheaper in certain scena
by runeks 5y ago
The application of Bitcoin is also crystal clear: distributed, digital money. It’s like gold, but electronic, and therefore much faster/cheaper in certain scenarios (and slower/more expensive in others).
Reasonable people disagree on whether this application is actually something we need, or will need in the future. But the application is clear as day.
- redytedy 5y agoExcept for that you can't take a bar of gold and view a public log of every wallet/transaction it has ever been in. Something like Monero would be better for your analogy.