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RE: "Bitcoin is a massive train... I don't know why anyone would wanna play chicken with it." - Trace Mayer interview on BTC Sessions

in #bitcoin7 years ago

yes, but a bitcoin is still worth a bitcoin to someone who has bitcoin, or someone who wants to get into crypto. the only reason it works at all is the same way real money works, or like gold was traded thousands of years ago. people believe that this piece of paper/number on a computer have value, and give it the price out of personal belief. you can apply this to anything, bitcoin just happened to have a proof of concept that wasnt the usual number you find on a computer (one that can be changed by the user whenever they want). it might be a train, but this train will literally never die, even if it does, another one will take its place. im actually just working on a coin myself. we need more reliable cryptos

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if someone wants to pay me $100 for a rock i pick up of the ground, or the chewed piece of gum in my mouth, that rock or piece of gum is worth $100, not because your opinion on it mattered, but because someone else was willing to pay that.

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