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by babygoat 1880 days ago
I don’t see any use cases for it except tax avoidance or illicit transactions, neither of which I have any need for. Why use it for anything else when I have no way to know that it will be worth anything tomorrow? I realize the same could be said for paper money but I have less confidence in Bitcoin.
1 comments

There is one thing that's absolutely guaranteed about paper money... you'll be able to pay your taxes with it. I'm not being flippant here, some people, like the MMT (modern monetary theory) crowd, are saying that's the whole basis of fiat currency.
There's interestingly a couple of instances where governments have collapsed and the currency was still traded (Somalia, Kuwait).

There's definitely an element of "it's valuable because people think it's valuable". This might be working to Bitcoin's advantage.