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Actually, yes. It's had almost 13 years to prove itself as a store of value, medium of exchange, and/or unit of account. It has failed to do that in any functioning economy because despite all the hype, it's remained worse than what we already have.

The fact that after all this time proponents are celebrating it being made legal tender in a tiny dysfunctional country is a very good sign of how the horizons have narrowed. After 13 years of the web no arguments about "potential" were even needed - the evidence was embedded in all our lives.




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