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 matheusmoreira on Thursday April 22, 2021 @01:58AM (#26899235)

Bitcoin's only value is the fact it's the most popular and well-known cryptocurrency. It came first and a lot of people are aware of it. Technologically it's already been surpassed by everything that came after. Monero in particular is essentially bitcoin with all the problems fixed.

I wish it'd just lose it's value already so that liquidity will flow into all the much better coins out there. Not likely to happen though...

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Re:Bitcoin has few attributes of money but all the attribute... by ZephyrBlu on Thursday April 22, 2021 @02:22AM (#26899397)

You say that like it's not important. The fact Bitcoin has become so ubiquitous is an achievement in itself.

A large aspect of currency/store of value/whatever is social/network effects.

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Re:Bitcoin has few attributes of money but all the attribute... by matheusmoreira on Thursday April 22, 2021 @02:31AM (#26899460)

I understand its importance. Everyone knows bitcoin and this is a valuable property of the currency. I'm just frustrated the market doesn't value good technology more. There are far better coins out there that deserve more attention. We're all still talking about bitcoin when the market should've moved on ages ago.

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