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Comment by jp555 | Hacker News Reader

Your self-admitted lack of understanding is not evidence there's no value in Bitcoin.

please, feel free to educate me. what's the value of bitcoin, other than the tautological argument around preserving its value?

"Bitcoin is the first and best, and will be the one world store of value in the end. Everything else is shitcoins." - any Bitcoin maximalist

Kind of like when you create money:credit out of thin air when you run a tab at a bar. But with code.

It's not like that at all.

How is it not an agreed-upon way to settle IOUs? It's not only this, but it is this as well.

I left the US a few years ago. Occasionally, I sent a few thousands to my US bank account via bitcoin + coinbase. I was then able to wire my money to a seller in Singapore for a lovely set of Go (the board game) problem books that I have been looking for.

I am a Vietnamese living in Vietnam, and I would have absolutely no way to wire $2000 to a bank in Singapore (I tried). I do wish bitcoin stay alive (along with the US financial system too)

I'm not an expert on this, but your position that bitcoin has no value is likely shortsighted and misguided. The big one that I see is decentralization. Bitcoin itself might not make it into the future of cryptocurrencies, but the possibility to democratize money and finance is huge. Take away the banks, money printers, middlemen, and give that power to the individual. It's not obvious now what the value of crypto will be but I would not discount the huge potential. https://www.youtube.com/watch?v=gipL_CEw-fk

If you want people to adopt your viewpoint, education works better without being rude and condescending.

If you want to promote others beliefs that Bitcoin has become a religious cult and MLM scheme, your attitude is perfect.

You're mind reading.

That's why he asked what the value was.

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