On: Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner...

[kasey_junk]

I don’t follow these things closely but remembered debit cards issued as early as 2014. Is the increased utility from more options or ease in opening?

[Frogolocalypse → kasey_junk]

The increased utility is not having the value of the money in my wallet being debased.

[kasey_junk → Frogolocalypse]

That’s just the price argument rephrased. If the price tanks tomorrow this utility is removed.

[Frogolocalypse → kasey_junk]

> if

If aliens invaded tomorrow this utility is removed. It doesn't take away from its utility right now though, does it? Bitcoin would have to drop 85% of its value to have only doubled in value this year. So what you're doing is using an argument of 'hypothetically it might not have utility' where I'm pointing out where it does, in fact, have utility. Right now. And it has grown in utility. Right now.

[kasey_junk → Frogolocalypse]

You could have saved a long thread by simply saying you didn’t think there was another indicator other than price...

[Frogolocalypse → kasey_junk]

Bitcoin is money. I'm not sure what you think we're talking about.