Post
Topic
Board Legal
Re: Why crypto currency have so much value? Even its statless and we cannot get any
by
seebu4u
on 04/12/2018, 16:47:56 UTC
Not sure what you mean by can't get physical commodities. Lots of cases where Bitcoin's been used to exchange for exactly that: real estate's a prime example where even cash isn't preferable for single-payment buys.

Worse come to worse, Bitcoin is exchangeable almost anywhere in the world for almost any currency - and that's not decided by any country or bank, there's just simply millions of people and businesses that will readily accept your Bitcoin.

Name 1 other currency that you can use anywhere in the world to exchange for the country's currency. Don't say USD either, some countries prohibit those, and you'd need to find a moneychanger in 90% of the world. Bitcoin? Go p2p and there's plenty of people ready to take your bitcoin.

It being stateless isn't a shortfall, it's one of the very things creating value for it.


I got your point. i am really thankful for this much detailed and helpful answer but dont you think this could help people to launder their black money so easily and this is also tax free. it could be beneficiary for the rich individuals but it world hurt poor people in poor countries.