If we’re going to count the small percent of gold’s value that’s useful for jewelry, then we can count the small percent of bitcoin’s value that’s useful for secure time stamps. In both cases the overwhelming majority of today’s value is speculative, and they’d still be useful in a world without money.
It’s not recreating golden standard then when it relies on gold to be of any value at all. What is the usage for bitcoin in a world without money? Or just if it cannot be exchanged for the usual currency.
Sounds like some marketing slogan. What does it mean? It’s less secure than regular banking transactions in that you can’t undo it or return your money if you were scammed. It’s not anonymous nowadays for those seeking it. So as I understand it, it’s good for bad people. Not a new golden standard in the slightest.
How can it work when bitcoins are literally just imaginary numbers with no real value?
If we’re going to count the small percent of gold’s value that’s useful for jewelry, then we can count the small percent of bitcoin’s value that’s useful for secure time stamps. In both cases the overwhelming majority of today’s value is speculative, and they’d still be useful in a world without money.
It’s not recreating golden standard then when it relies on gold to be of any value at all. What is the usage for bitcoin in a world without money? Or just if it cannot be exchanged for the usual currency.
It’s a secure time-stamping system.
Sounds like some marketing slogan. What does it mean? It’s less secure than regular banking transactions in that you can’t undo it or return your money if you were scammed. It’s not anonymous nowadays for those seeking it. So as I understand it, it’s good for bad people. Not a new golden standard in the slightest.
https://en.wikipedia.org/wiki/Trusted_timestamping