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Except that Bitcoin is not a commodity (as the term is commonly understood) because it has no use other than as a currency.
by betterunix 14y ago
Except that Bitcoin is not a commodity (as the term is commonly understood) because it has no use other than as a currency.
- BerislavLopac 14y agoWhich only means that its value can drop to zero, unlike other commodities.
- dcc1 14y agoActually bitcoin is great for laundering, so it will always have "some" value
- betterunix 14y agoOnly as long as there are legal uses for it; otherwise, it is as good as laundering money by buying and selling cocaine.
- kruhft 14y agoIt creates discussion. That has to have some value on the internet, especially for ad based sites.
- metaeaux 14y agohttp://blog.oleganza.com/post/42262765318/direct-use-value-of-bitcoin http://blog.oleganza.com/post/42262765318/direct-use-value-o...