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AIiscomingtoday at 11:36 AM3 repliesview on HN

True and its also not compareable to gold.

But as long as others giving you real money for this garbage, it would be better to use it for a project like neovim :)


Replies

deniskatoday at 11:41 AM

To never have experienced a usefulness of cryptocurrency is a privileged position to be in.

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Roark66today at 12:54 PM

Well the "non comparability" to gold has to do with the fact you need a functioning network to spend (good luck verifying a key by hand with a calculator). You can spend gold even when you're transacting with the last person on earth.

However the value is as much as people agree to value it and for a typical person both have little utility. Maybe BTC has even more utility because it facilitates remote transfers of value very easily.

So as long as the network exists there is intristic value in BTC. I believe more than one can say about gold.

Still, a good portfolio will contain both gold (in small coins likely as a kind of "war hedge") and BTC as a kind of hyperinflation hedge.

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colesantiagotoday at 11:46 AM

A dead wallet has better use for Bitcoin though.

We don't know where the Bitcoin has come from, so it needs to go through extensive anti money laundering checks.

Save the hassle of all of that taxes, accountancy and just send everything to a dead wallet.

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