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by injeolmi_love 925 days ago
Personally, the ability to always have access to my money, accept contracts internationally, and to be protected from a fickle financial system.

For other people I’ve seen a wide variety of things they consider valuable that I don’t care for. Trading, community, loans, art, gaming for examples.
1 comments
robertlagrant 925 days ago
> Personally, the ability to always have access to my money, accept contracts internationally, and to be protected from a fickle financial system.

Doesn't cash also fulfil these? I'd have thought bitcoin is more fickle than cash.

> For other people I’ve seen a wide variety of things they consider valuable that I don’t care for. Trading, community, loans, art, gaming for examples.

Sorry - is this crypto related? Or just examples of things people like?

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injeolmi_love 925 days ago
I don’t use Bitcoin because it’s too slow and expensive. Other people do find value in it.

Carrying more than $10k in cash is dangerous, and likely to be seized during international travel.

That’s a list of things people use crypto for. Obviously, if they preferred the non crypto version of those services, they would use them instead.

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robertlagrant 924 days ago
What I mean is I can do all this with my bank:

> the ability to always have access to my money, accept contracts internationally, and to be protected from a fickle financial system

What's the difference, that is valuable enough to explain the bitcoin price differences?

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injeolmi_love 924 days ago
What’s your bank? I’d like an account there. Every one I’ve checked so far freezes accounts and has a painful process for international wire transfers.
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robertlagrant 919 days ago
Er. A wire transfer like BACS? You just put in the details, click "yes, I understand this is probably a bad idea" and wait. At least in the UK.

But I'm not saying there's zero value to bitcoin's advantages. I'm saying that that in no way explains the price of bitcoin. What explains it is greater fool theory.

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kreetx 919 days ago
Bitcoin's dollar value is just the amount of it in circulation divided by the people interested, the actual number value doesn't really mean anything directly (e.g if there were 100x more of it then the price would be that much less).
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