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The fallacy here is that a monetary good requires some separate use. As a money per se, bitcoin is very useful. As I wrote in this thread, it allows the transfe
by vijayboyapati 13y ago
The fallacy here is that a monetary good requires some separate use. As a money per se, bitcoin is very useful. As I wrote in this thread, it allows the transfer of value to anyone, anywhere in the world without an intermediary. This has never been possible before, and it certainly impossible with the dollar. There are several markets for which this innovation has profound implications
- maxerickson 13y agoBy the numbers, most people need an intermediary to move even a modest amount of bitcoin. They don't have any. You can say there is no dependence on a single intermediary. This is a quibble, but I think it's an important one, for example, a lot of the arguments about using bitcoin in Argentina or whatever ignore the part where Argentinians don't have a whole lot of bitcoin to start using.