It’s easier and cheaper to use bank wires than Bitcoin

Re:It’s easier and cheaper to use bank wires than Bitcoin by smokeyj on Thursday September 29, 2016 @04:42PM (#12608604)

> The examples you give are all physical items that have intrinsic value because they can be used for something other than being money

One could argue that's the definition of real money - but to say Bitcoin isn't real money is to move the goal post when what you mean is Bitcoin isn't a traditional fiat currency. There's no debate there.

[ Parent | on HN ]

Re:It’s easier and cheaper to use bank wires than Bitcoin by eridius on Thursday September 29, 2016 @05:17PM (#12608830)

I think the implication is that BTC has very little intrinsic value. Well, the BTC itself actually has zero intrinsic value, the only intrinsic value in the ecosystem is the blockchain (although the value of the blockchain itself is dependent upon the perceived value of BTC, as its ability to prove data existed at a point in time only works if a sufficient number of people are actually mining blocks, and people mine blocks in order to get BTC).

[ Parent | on HN ]