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> But similarly a Bitcoin has real value, at least for some people, because it can help you transfer or store money. It does that function just as well (not th
by kgwgk 4y ago
> But similarly a Bitcoin has real value, at least for some people, because it can help you transfer or store money.
It does that function just as well (not that well, really) at 30’000 dollars per bitcoin as it does at 30’000 bitcoins per dollar.
- tyrfing 4y agoWith a market cap of $700, you would find that it is very poor at both transferring and storing any value. First of all, you're limited to $700, second, a single computer could attack the network.
- kgwgk 4y agoFair enough. But even a small amount could suffice if the turnover was fast enough. How many of the circulating bitcoins are used in transactions anyway?