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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).