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You've just described money. Is BTC good at being money? No. But your argument isn't the reason.

• czbond 4y ago
  The only things that give money value are leadership (faith in the government) or military (punitive damage).
  • robbiep 4y ago
    You missed freedom of exchange, or that you can readily exchange it with the next person easily, which no crypto has been able to do
  • hacknat 4y ago
    So gold’s day in the sun from the 15th century to the 1970s was what?
• rootusrootus 4y ago
  Generically, perhaps. But specific money like the USD has value backed up at the point of a gun.
  • hacknat 4y ago
    That is not the only thing that has backed the value of money in the history of humanity. It (violence) is arguably the most inferior social mechanism for enforcing value that has been tried.