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by cookingrobot
4593 days ago
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Here's my concern about the "utility" of bitcoin. It's just as valuable at transferring money over the internet if it's worth $1000/btc or $0.0001/btc. The utility is unaffected by the price.. and there's not so much scarcity that people can't "use it" to transfer money no matter what the price is. So even if you're right that this is a super useful invention for transferring wealth, I don't see why that would drive the price up. |
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