I already mentioned Bitpay and made the distinction there.
> Ever heard of buying a sandwich with stock shares?
Well no, stocks aren't currency. That's my point. Bitcoin sucks at being a currency.
Unlike stocks, it also sucks as an investment, because like gold, it doesn't do any work, a Bitcoin stays a Bitcoin.
Unlike gold however, it also sucks as a hedge, because there is no intrinsic value to it.
So, what's the point of Bitcoin? Price speculation. You can speculate on the price of anything, like Beanie Babies or Funco Pops or trading cards.
At least a Bitcoin doesn't take up space on a landfill, should it become worthless. On the other hand, the electricity cost of producing is immense.
I already mentioned Bitpay and made the distinction there.
> Ever heard of buying a sandwich with stock shares?
Well no, stocks aren't currency. That's my point. Bitcoin sucks at being a currency.
Unlike stocks, it also sucks as an investment, because like gold, it doesn't do any work, a Bitcoin stays a Bitcoin.
Unlike gold however, it also sucks as a hedge, because there is no intrinsic value to it.
So, what's the point of Bitcoin? Price speculation. You can speculate on the price of anything, like Beanie Babies or Funco Pops or trading cards.
At least a Bitcoin doesn't take up space on a landfill, should it become worthless. On the other hand, the electricity cost of producing is immense.