How I explained Bitcoin to my kids. A currency needs two things: to be easily transportable, and to be rare. Bitcoin is easily transportable because you can send it from computer to computer, and rare because to make more you have to solve increasingly hard math problems.
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but shouldnt be as volatile as bitcoin
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It's not a currency if it has no use-value - that makes it a commodity like gold.
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Use value is subjective for everything in the beginning.
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Have you managed to find a way to explain dogecoin?
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Lmaoooooo, easy pee
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Bitcoin transaction fees say no to the former.
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Someone hasn’t heard of lightning
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I thought at this point Bitcoin has become more a 'store of value' than currency no? Also does currency really need to be rare?
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By rare I mean I'd much rather live in a world where currency is abundant and more uniformly distributed.
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