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I wouldn't say that is related to bitcoins (the currency). They've just put data into the blockchain. The tokens you and I trade as money (bitcoins) don't get a
by runeks 13y ago
I wouldn't say that is related to bitcoins (the currency). They've just put data into the blockchain. The tokens you and I trade as money (bitcoins) don't get a use value because someone has put ASCII art into the blockchain.
- deleted 13y ago[deleted]
- fabulist 13y agoI'd argue differently because the bitcoins are destroyed in the process. In my view, they become the ASCII art. But I suppose it could just as easily be said that you purchased ASCII art hosting from the blockchain.
- runeks 13y agoI see your point. I guess I just think it's insufficient that it has some use value, for it to be called a good instead of money. My point is that they are mainly (almost entirely) money. I mean, US dollar bills can also be stacked together and lit on fire, thereby having use value as firewood, or you can write notes on them, making them a notepad, but they are still money because their exchange value completely dwarfs their tiny use value (if one can quantify such things). I'd argue bitcoin falls into the same category.