What Bitcoin’s White Paper Got Right, Wrong and What We Still Don’t Know (2018)

Re:What Bitcoin’s White Paper Got Right, Wrong and What We S... by AstralStorm on Saturday October 31, 2020 @05:55PM (#24955513)

Indeed. That does not negate its base value even in barter. (Though it's much lower.)

And especially items made with the use of gold can get really worthwhile - such as semiconductor chips...

So in a funny indirect way, Bitcoin is tied to gold. Both of which are tied to specific costs of labour. Bitcoin however requires a lot of expensive infrastructure to run to be worth anything. (Esp. networking, required to ensure no fake mined bitcoins are in circulation.)

Even printed cash is better at this.

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Re:What Bitcoin’s White Paper Got Right, Wrong and What We S... by brokenkebab on Sunday November 01, 2020 @04:20AM (#24958251)

The whole state is required for printed cash to be worth anything. I doubt it's cheaper in any comparison.

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