Banks Are Fleeing Crypto. Bitcoin Investors Should Be Worried

Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by epolanski on Monday January 09, 2023 @08:46PM (#34319258)

The example you've chosen reiterates that currencies have a price (letting you out), not a value.

If you had only Deutsche Marks to pay would that help you avoid prison?

No. Because they have no value, same as USD, on top of that, they have no price either because there's no demand for Deutsche Marks.

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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by anonkogudhyfhhf on Tuesday January 10, 2023 @12:00AM (#34320729)

We should get rid of them since they have no value. Personally I like them because they facilitate trade and finance on a global, immense scale and allow for decentralised price discovery and information distribution. But then does trade and finance have value? ..wait maybe money networks do have value

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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by danmaz74 on Tuesday January 10, 2023 @04:20AM (#34322309)

Food allows me to stay alive -> it has value for me

Legal tender of the country I live in allows me to pay taxes and stay out of jail -> it has value for me

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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by ivanche on Tuesday January 10, 2023 @05:02AM (#34322602)

Please send me all Deutsche Marks you have. I will then go to the Deutsche Bank and exchange them for Euros :)

[ Parent | on HN ]