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> could have been made with any "thing" "any" is going a lot of heavy lifting there. Apart from people agreeing on value, that thing also has to be: 1. out of
by RestlessMind 4y ago
> could have been made with any "thing"
"any" is going a lot of heavy lifting there.
Apart from people agreeing on value, that thing also has to be: 1. out of their governments' control (all the examples had governments gone bad), 2. easy to transfer/carry, 3. durable.
Can you please name a few alternatives if you think that's a simple problem?
Bitcoin fits the bill for those aspects. Can you name a few other "things"?
- Fuzzwah 4y agoGold. Shells. Anything that people have used as money over the years. I do not disagree that blockchain tech has a good use case. It's just that it does one thing: a distributed ledger. That's it.
- RestlessMind 4y ago"That's it" fails to capture the fact that said tech still has a collective market cap of $984B[1], after it has had precipitous drop in value over the last 12 months. Maybe, a distributed ledger for digital goods is a massively valuable tool for humanity? [1] https://coinmarketcap.com/ https://coinmarketcap.com/