Re:Nasdaq Plans to Introduce Bitcoin Futures
by Frogolocalypse on Thursday November 30, 2017 @05:19PM
(#15820125)
> Fixed assets, goods and services, etc., are stable relative to fiat, at least USD.
Of course it can. Its price. Bitcoin is money. Its price is the only measure of value.
What I'm saying is that it doesn't matter what people want it for. It's money. It enables things. It is just better money, because it can't be seized, payments can be made to anyone, it can be transported anywhere easily and redeemed anywhere easily, and most of all, it can't be debased. Any of these reasons is enough to want to use it, and people might not know all of the details, but they certainly understand the effects on their wealth.
Of course it can. Its price. Bitcoin is money. Its price is the only measure of value.
What I'm saying is that it doesn't matter what people want it for. It's money. It enables things. It is just better money, because it can't be seized, payments can be made to anyone, it can be transported anywhere easily and redeemed anywhere easily, and most of all, it can't be debased. Any of these reasons is enough to want to use it, and people might not know all of the details, but they certainly understand the effects on their wealth.