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A comment on Is Bitcoin a Bubble? Economists Say ‘Yes’. Parent comment

Re:Is Bitcoin a Bubble? Economists Say ‘Yes’ by luis_espinoza on Thursday December 14, 2017 @12:55PM (#15924539)
In my understanding, bitcoin and its supporting technology is a monetary system. So, in my opinion, comparing bitcoins with tulips will be similar to comparing Fractional Reserve Banking with tulips.
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Re:Is Bitcoin a Bubble? Economists Say ‘Yes’ by riffraff on Thursday December 14, 2017 @01:30PM (#15925083)
but is bitcoin really a monetary system if it's not being used as a currency, but as a commodity?

The increase in dollar value of a bitcoin does not bear any resemblance with an increase in use of bitcoin as a currency.

If anything, there seem to be less hype about using BTC to pay for things these days than a few years back.

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Re:Is Bitcoin a Bubble? Economists Say ‘Yes’ by eloff on Thursday December 14, 2017 @07:21PM (#15928710)
In analyzing this, it doesn't matter what something purports to be, it matters what it is actually used as. By and large bitcoin is a digital commodity, not a currency. That may well change in the future, but that's not relevant to the analysis.
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