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[–] Piroko 1 point 0 points (+1|-1) ago  (edited ago)

What is bitcoin?

An intangible commodity which exhibits two traits:

  1. It is transferable.
  2. It is scarce.

The problem with bitcoin is that it misinterprets the entire history of precious commodities as currency. Yeah, the African caliphates exclusively traded salt for gold, but why did they desire gold? Well, I'll tell you why they desired gold.

Since antiquity, shiny rare things have been exchangeable for sex.

....

That's it.

The basis, of all value and exchange must be found in maslow's hierarchy of needs, and the top three items in the pyramid (self-actualization, esteem, belonging) are basically just sex when we're talking about men (and safety can be dismissed as a need if doing so leads to sex).

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[–] mf2525 0 points 1 point (+1|-0) ago 

It’s so funny to me that the majority of people still believe Satoshi Nakamoto was just some fag who created the entire crypto movement...

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[–] Iron_from_Ice ago 

A very long term bubble that will burst eventually.

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[–] a47y2b5598 ago 

Just guessing here, but maybe bitcoin has value as a short-term lock box for cash someone is taking, or sending out of the country without the IRS knowing?

TSA won't find thousands of dollars hidden in a suitcase like they did with the Awan family if they had converted to bitcoin here, then converted it to Pakastani money when they arrived.

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[–] newoldwave ago 

Funny money

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