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If the USD derives its value from the strength of the U.S. military, the BTC derives its value from its ability to purchase shady things. I would not bet again
by anonymoushn 14y ago
If the USD derives its value from the strength of the U.S. military, the BTC derives its value from its ability to purchase shady things. I would not bet against the continued existence of markets for shady things.
- vannevar 14y agoI wouldn't bet against the continued existence of speculative bubbles. Bitcoin's actual utility for money-laundering will provide some support at the bottom when it crashes, but the price curve right now looks an awful lot like simple speculation.