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You're right, bitcoin is something entirely new, and we don't know the future, so we don't know what it will end up being.
by toenail 3y ago
You're right, bitcoin is something entirely new, and we don't know the future, so we don't know what it will end up being.
- paulryanrogers 3y agoEntirely new is a stretch. And haven't we reached the end? It's not broadly useful nor sustainable nor trustworthy.
- almost_usual 3y agoI’d argue it’s useful for many people who live in countries that suffer from hyperinflation.
- kjkjadksj 3y agoI feel like an asset that doesn't rise or fall by a factor of 10 a year would be a lot more useful for that purpose. Even bartering levis blue jeans would offer more price stability than btc.
- deleted 3y ago[deleted]
- almost_usual 3y agoBlue jeans aren’t very salable in the sense that you have to find a blue jeans buyer in order to exchange them for something else.
- kjkjadksj 3y agoLikewise for bitcoin. In either case the levis conversion rate is pretty stable unlike bitcoin. You can go on marketplaces like poshmark and others and readily buy and sell these jeans at prices that are both stable and widely agreed upon.
- toenail 3y agoYou're not one of the "it's not useful to me, so it's not useful to anybody" people, are you?
- idiotsecant 3y agoEntirely new? At this point it's getting a little long in the tooth, if anything
- kkielhofner 3y agoBitcoin is almost 15 years old. This is like calling the web “new” in 2005-2008 (depending on chosen start date). The “new” excuses ran out a decade ago.