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Am I the only one who thinks of Bitcoin as purely a speculative commodity which is leveraged mostly by the fact that it is in a financial grey area?
by 6thSigma 14y ago
Am I the only one who thinks of Bitcoin as purely a speculative commodity which is leveraged mostly by the fact that it is in a financial grey area?
- Jtsummers 14y agoNo, that's pretty much a summary of the primary criticism of bitcoin as a currency.
- ihsw 14y agoThe currency itself is very grey, yes, however the transaction network is excellent and high-quality. It's unfortunate that the currency so loudly dominates the news surrounding it. Personally I find the technological achievement of a major, reliable, and international transaction network more impressive.
- Nursie 14y ago"the transaction network is excellent and high-quality." Really? I thought the transaction network was already struggling with SatoshiDice and the volume of transactions it's caused? If that is the case then the network is going to have a lot of trouble coping with increased use in future.
- jlgreco 14y agoI think you are largely correct (and no, you are without doubt not the only person to think that ;). However I do think that to some degree the ability to buy drugs with it plays a role in its value; it is not just a financial toy.
- dinkumthinkum 14y agoNo, that's basically what it is.