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A comment on Binance lays off over 1k Employees. Parent comment

Re:Binance lays off over 1k Employees by plopilop on Friday July 14, 2023 @06:15PM (#36730688)
The convertibility between money and gold has stopped in the 70s.

Bitcoin allows for instant money transfer, and so does Visa.

The fact that bitcoin has no collateral is a whole other topic.

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Re:Binance lays off over 1k Employees by parineum on Friday July 14, 2023 @09:05PM (#36732072)
Instant?
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Re:Binance lays off over 1k Employees by RestlessMind on Saturday July 15, 2023 @03:39AM (#36734497)
Bitcoin allows for instant Bitcoin transfer. The fact that it can be converted for money is a separate angle.

> The fact that bitcoin has no collateral is a whole other topic.

That's actually the main topic. Both Gold and Bitcoin are valuable because we as a society decided that they are valuable.

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