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I consider Bitcoin’s use only as money to be a good thing for Bitcoin. It has no competing uses, thus has ultimate comparative advantage as money. The best moni
by rufusroflpunch 4y ago
I consider Bitcoin’s use only as money to be a good thing for Bitcoin. It has no competing uses, thus has ultimate comparative advantage as money. The best monies throughout history had no competing consumption uses.
- ben_w 4y agoAn interesting idea. I think digital and paper currency[0] are the obvious competitors however, so it isn't uniquely the ultimate comparative advantage. [0] Ok, I guess you can burn paper money or use it as a chair, I think Weimar hyperinflation had examples of that…
- lottin 4y agoWhat makes you think having no competing uses is an advantage?