Any technology that allows the rapid portability of wealth inherently has value
-
-
-
Problem: they don't actually transfer wealth
-
What do you mean?
-
Oh sure they work for now, but what do they really mean? If I give you a gold coin, you have gold you can use. If I give you a US dollar, you can give it to the US government to prevent the tax man from taking you away. If I give you a bitcoin...?
-
I have some number/s sitting on my bitcoin account that nobody can take away from me.
-
And?
-
And some people see it as a great store of value due to its unfuckwithability
-
But then what will you do with your numbers?
- 10 more replies
New conversation -
-
-
Woah hol up. U mean a currency not backed by the credit of nation won't last in da long run?
-
Not backed up by anything and not having any non-currency value at all, even.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.