Topic: [2014-05-07] The value of Bitcoin? Try technology, not currency! (Read 441 times)
its like an investment in "email" 20 years ago.
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The true value of bitcoin is in both the currency and the revolutionary technology. I agree it's not a 'regular currency' as they put it, but disagree sternly that it's not a currency at all (as some people allege).
IMO the true value of Bitcoin is not only technological, but also something more "moral", I mean the faith in currency which we all have, and that's why Bitcoin's concept is so fascinating - we all can see how the currency's value is 'growing' in real time, how more and more buisnesses and consumers are starting to accept it and how it becomes more powerful day after day.
Yeah, well there's obviously that as well. The decentralised nature of it and not having to rely on a central and usually corrupt authority is probably it's main advantage to me (and many other libertarians), but again, I guess this point would make it fall under being both technology and currency. I agree that the fluctuating value of it is a problem, but that will happen to anything when you peg it against or trade it for different currencies.
The true value of bitcoin is in both the currency and the revolutionary technology. I agree it's not a 'regular currency' as they put it, but disagree sternly that it's not a currency at all (as some people allege).
IMO the true value of Bitcoin is not only technological, but also something more "moral", I mean the faith in currency which we all have, and that's why Bitcoin's concept is so fascinating - we all can see how the currency's value is 'growing' in real time, how more and more buisnesses and consumers are starting to accept it and how it becomes more powerful day after day.
global moderator
Activity: 3990
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The true value of bitcoin is in both the currency and the revolutionary technology. I agree it's not a 'regular currency' as they put it, but disagree sternly that it's not a currency at all (as some people allege).
http://cointelegraph.com/news/111387/the_value_of_bitcoin_try_technology_not_currency
Quote
A euphemistic way to describe the development in the price of Bitcoin is ‘volatile’. Still in relative infancy, revealing its true value is hard, if not impossible. But, if you really want to have a go at determining the value of Bitcoin, try to look at it as a technology, not as a currency.
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