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In order to facilitate transactions BTC has to have value greater than $0 You can't transfer value via Bitcoin if the value of a Bitcoin is zero.
by pmorici 13y ago
In order to facilitate transactions BTC has to have value greater than $0 You can't transfer value via Bitcoin if the value of a Bitcoin is zero.
- wmf 13y agoEven if it's only used for transactions there will be nonzero value as long as the velocity of money isn't infinite, which it won't be because various latencies (like escrow or waiting for 6 confirmations) takes BTC out of circulation temporarily. http://falkvinge.net/2013/09/13/bitcoins-vast-overvaluation-seems-to-be-caused-by-usually-illegal-price-fixing/ http://falkvinge.net/2013/09/13/bitcoins-vast-overvaluation-...