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I'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 th
by fabulist 13y ago
I'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.