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by foobarqux
4575 days ago
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> But there currently is no such competitor. It depends on what you define to be a competitor. There are many money transfer services, many of which aren't cryptocurrencies. Bitcoin has to compete with each of them. > But, there has to be enough value in Bitcoin the coin for Bitcoin the protocol to work for money transfers. The argument was that the value is de minimis because BofA Paybuddy is willing to transfer money (change some numbers) for 0.5% > The value doesn't have to be captured for Bitcoin to be a success. Bitcoin isn't a business. It needs to be captured if you are considering it an investment. |
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I'm considering it a currency and a revolution.
I want to make money by building things for the new Bitcoin economy. The price of Bitcoin going up is just a pleasant side effect of rising popularity. Bitcoin going up doesn't provide new value to the world...building a new kind of money and the infrastructure to use that new money does provide value. A tremendous amount of it.
As a software developer, I've always had the ability to have the Internet give me money for very little effort (relatively speaking). What's interesting here is the power to change the world.