News for hackers. Stuff that matters.

A comment on Why you can’t cash out part 1: Bitcoin’s “price” is largely fictional. Parent comment

Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by patrickg_zill on Sunday December 17, 2017 @09:58PM (#15949063)
Establish the means by which my having a million dollars' worth of bills in my hand, can get at the value of the USA economy.

If I can buy an item from Amazon or Overstock.com via Bitcoin or via Yen or via USD, explain how there is an actual difference.

[ Parent | on HN ]
Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by selectodude on Sunday December 17, 2017 @10:08PM (#15949107)
You have to pay your taxes with USD, so there's always a base demand for USD. Bitcoin has no intrinsic demand. It can go to zero because nobody needs it.
[ Parent | on HN ]