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I know a lot of people dislike bitcoin here but I'm wondering (with the huge assumption that its value stabilises over time) would it not actually be a better s
by pwm 4y ago
I know a lot of people dislike bitcoin here but I'm wondering (with the huge assumption that its value stabilises over time) would it not actually be a better solution? Not just from an obvious logistical but also from an environmental perspective? I'd imagine gold mining to be much more destructive (both to nature and to human life).
- fendy3002 4y agoI wonder if they can use it? As a noob I see that crypto value is very volatile and don't have intrinsic value, unlike gold that somehow is accepted universally as valuable.
- tremarley 4y agoIt has intrinsic value as it requires work to mine it. It is impossible to generate more whenever you want. You can spend bitcoin in every country, it's valuable everywhere.
- andsoitis 4y ago> It has intrinsic value as it requires work to mine it. All work isn’t equally valuable. Some work is worth nothing. > It is impossible to generate more whenever you want. Value and wealth do not only arise from scarcity.
- senectus1 4y agoThe crypto market (including btc) is incredibly fragile. It's also got way too shallow a gene pool (meaning too few hold too much). Until it gets spread further and wider it can't be relied on for much.
- Ekaros 4y agoAnd why give all that wealth away to current holders? Nothing actually make bitcoin inherently valuable on nation-state level. Gold is fine for now and maybe in future some new agreed upon commodity-current basket currency.
- tremarley 4y agoIt would be a lot easier. Many countries currently keep bitcoin in their reserves such as Russia, USA & China. Eventually Bitcoin or a similar style coin will be used for global trade
- imtringued 4y agoHonestly hell would freeze over before that happens. It would be more likely that IMF SDRs will be used as an alternative to dollars than Bitcoin.