Re: Everyone Who Believes In Bitcoin Should Try To Answer This Question
Bitcoin's floor is in the third world where it promises to replace cell phone minutes and bullets as a currency in Africa and reduce foreign currency fees for Assam tea traders.
The bitcoin's value lies in the network, this network enables value transfer across the globe. A bitcoin without network worth nothing, just like a telephone disconnected from the line
These are the kind of thoughts I hoped to be able to read and learn from when I signed up to these forums.
I'd almost gave up hope in here but it has definetively been worth the wait, thanks.
At the core, his argument is that the dollar has value because it has this specific utility. Well, Bitcoin has (a much broader) utility
Which is/are? Please, I'm sincerely eager to know.If I choose to believe in Bitcoin then I have chosen to believe in the infallible idea that Bitcoin represents and further supports. People will support Bitcoin for as long as they desire freedom.
A very romantic point of view. 