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The core idea does not work for many, if not most, of the things people have promised it can work for -- but that's very different from "doesn't work." I'd say
by jrm4 4y ago
The core idea does not work for many, if not most, of the things people have promised it can work for -- but that's very different from "doesn't work."
I'd say it's still a pretty strong contender not for "cash in hand" but for a better "money in your mattress."
- Gigachad 4y agoSo the only use cases so far are pleasing paranoid schizos, ransomware, and scams? Cash in your mattress is likely much safer than in your bitcoin wallet.
- deleted 4y ago[deleted]
- jcpham2 4y agoWhat if I can’t decide which is better so I further diversify into both?
- simiones 4y agoSure, if you're ok with the money in your mattress losing 66% of its value in one year, as happened to BTC.
- jrm4 4y agoThat's why I didn't say money in the bank? Possibly volatile, but a hedge-slash-gamble against whatever screwiness is going on with other forms of money.
- gilrain 4y agoWhy on earth would anyone keep “money” in a mattress that their government will not accept for payment of their debts. Wild logic.
- jrm4 4y agoIt's almost as if there are other parties with whom you have may want to have money transactions other than governments.