Re:What Is Cryptocurrency: Everything You Need to Know
by CyberDildonics on Monday November 14, 2016 @03:42PM
(#12953151)
The value comes from how strong its properties of ideal money are.
Lots of people don't see the value of bitcoin when they pay for their coffee with their credit card and go about their day.
There are many uses but just to begin, bitcoin has already outlasted several countries' currencies (Venezuela, Zimbabwe) and it has no boundaries. It can't be controlled by a government (India, Cypress) and it's inflation will slow and stop (unlike Russia, Argentina, Japan).
Some ideas are big picture ideas. They don't help people take selfies, find a restaurant or communicate with celebrities, but their impact will be massive over a longer timeline.
Lots of people don't see the value of bitcoin when they pay for their coffee with their credit card and go about their day.
There are many uses but just to begin, bitcoin has already outlasted several countries' currencies (Venezuela, Zimbabwe) and it has no boundaries. It can't be controlled by a government (India, Cypress) and it's inflation will slow and stop (unlike Russia, Argentina, Japan).
Some ideas are big picture ideas. They don't help people take selfies, find a restaurant or communicate with celebrities, but their impact will be massive over a longer timeline.