How that description don't apply to tulip bulb? For what I heard BTC is used (as a currency) by criminals, period. for the first few month you could barely buy coffee, and now it is not even a thing So it is not a mean of exchange. Without that, it is not a currency Edit: But i'm not a theorist. My real question is: If I want to short BTC, what am I suppose to do? Sell Electricity?Bitcoin has the qualities that enable people to attribute value to it. It is transferrable, scarce, somewhat fungible, and used by enough people
Fund a Coinbase Pro account. Seriously. All this pearl-clutching and high dudgeon is ridiculous. "I can't buy coffee with it therefore it isn't a currency." Go to Starbuck's with a Krugerrand and tell me how that works out.
Pardon the snark, but sounds like a fancy gift card rather than a revolution in currency. Last time I used BTC was to buy LSD off the Silk Road 10 years ago. After that the rest I converted into dollars so I could pay the rent in college, made 80 bucks off the price swing.
I own zero BTC. I think. No, I believe I have some fraction of BTC left in Coinbase. At the time it was a rounding error, now it's probably worth a couple pizzas. My BTC holdings were never worth more than like $700, and that's back when that was like 3 BTC. But I also don't pretend that the idea of a blockchain is irrelevant because it makes me mad.
Yeah...I don’t think there enough lengths I could make to thank people like mk, insomniasexx, and kleinbl00 for all the crypto discussions years ago when ETH was just breaking into news cycles. Fundamentally altered the course of my life.