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by wyldfire 1944 days ago
Liquid value that's easily transferred has utility on its own.

It's not a genuine argument to claim that "bitcoin isn't used for anything".
2 comments
RivieraKid 1944 days ago
That's the value of the Bitcoin system, not of a single Bitcoin. Gold can provide utility by itself, for example, you can make jewelry from it.
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177tcca 1944 days ago
Do you think the value of Facebook stock is in the tangible worth of their building, or IP?
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tradri 1944 days ago
For the vast majority of people Bitcoin in its current form provides a worse user experience than PayPal, VISA, etc.. because the fees are a lot higher and the transaction times are longer.

If you want to buy $1.5 billion worth of Bitcoin the $5-$50 transaction fee doesn't matter. For the majority of people it matters though.

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