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The good thing about Bitcoin is that we can just ban it, since nobody actually uses it for anything important. It could be turned off tomorrow and nothing of va
by user-the-name 5y ago
The good thing about Bitcoin is that we can just ban it, since nobody actually uses it for anything important. It could be turned off tomorrow and nothing of value would be lost.
- 0thgen 5y agoexcept all the goods and services that it currently stands in as a reference for (given people had to buy it with their own money, which they provided some service to obtain)
- 0thgen 5y agoexcept all the goods and services that it currently stands in as a reference for (given people had to buy it with their own money, which they provided some service to obtain) but hey,
- user-the-name 5y agoLiterally nobody buys goods with bitcoin. Any services you buy tend to exchange to real money as soon as they get the payment.
- 0thgen 5y agojust because bitcoin wasn't directly involved in a transaction doesn't mean it isn't standing in for economic value if I steal an ancient coin worth $10,000 dollars from you, and you're upset about it, am I making a good rebuttal by saying: "it's not like you could buy anything at the grocery store with it anyways"
- user-the-name 5y agoIt stands in for a gambling token, that is all. Speculators like to gamble using it. That is bringing actual value to society. We can get rid of it and it will be a net positive.