Bitcoin has few attributes of money but all the attributes of a collectible

Re:Bitcoin has few attributes of money but all the attribute... by purplecabbage77 on Thursday April 22, 2021 @12:54AM (#26898880)

Something this article misses though is that Bitcoin, unlike stamps and Beanie Babies, is digital, which I'd argue makes a huge difference.

Imagine if you could exchange Beanie Babies with anyone in the world with an internet (or satellite) connection. That seems...at least a little more useful?

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Re:Bitcoin has few attributes of money but all the attribute... by travisgriggs on Thursday April 22, 2021 @01:10AM (#26898969)

I'll bite. Isn't that essentially what eBay and the like are? Among other things, a beanie baby exchange?

I'm curious why you feel that being digital "makes a huge difference"? Sure it's different. And coincident with a current popular disruption (digitization of everything we can think of), but does that make it transcendentally different? Or just different because times are different? Honestly curious.

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Re:Bitcoin has few attributes of money but all the attribute... by purplecabbage77 on Thursday April 22, 2021 @10:48AM (#26903383)

I would say transcendentally different.

Unlike eBay, with Bitcoin I can transact nearly instantly and without going through any middle men like PayPal and the like. This is huge.

I can also store 1bitcoin and 1million bitcoin on the same USB drive, and know that also unlike beanie babies, they won't deteriorate at all ever.

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