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[–]offers_to_fuck 0 points1 point  (3 children)

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Why wouldn't people use it? It has divisibility, fungibility, popularity, and the currency stock inflates predictably, and it's impossible to counterfeit.

[–]third_rate_economist 0 points1 point  (2 children)

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It doesn't have value though. I'm not saying it couldn't become a thing, but it seems very hard to predict.

[–]offers_to_fuck 0 points1 point  (1 child)

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When it comes to money, those factors are what eventually creates value. It literally has better fundamentals than the US dollar, aside from the fact that the US dollar is obviously more popular. It's far less counterfeitable, a better store of value (in a foundational sense), more transportable, and has better divisibility. It really is, in a theoretical sense, the best money anyone has ever come up with.

[–]third_rate_economist 1 point2 points  (0 children)

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I don't disagree with you. To your point about counterfeitability, would you say that Bitcoin is more secure? To a certain extent, lack of bureaucratic oversight is a good thing, but Bitcoin has a bad habit of being stolen from the exchanges or directly from wallets. One must ask what the potential disadvantages of non-physical currency are.