Bitcoins worthless definition

bitcoins worthless definition

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It is useless to someone skeptical about storing value, using it as a payment method, or developing solutions on its blockchain. Conversely, it is very useful. Fees of that size would make Bitcoin much less useful (useless, really) as a medium of exchange. Transactions might even become prohibitively. But while inherently worthless, real currencies have value by virtue of people's trust that they can be used to store value and carry out.
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  • bitcoins worthless definition
    account_circle Doulkis
    calendar_month 17.06.2020
    Warm to you thanks for your help.
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This article was first published by Kontext: Wochenzeitung in German. The code on which Bitcoin is based does give it scarcity value. Bitcoin enthusiasts point to developments within its ecosystem as proof that the virtual currency has staying power, while skeptics endorse it as a waste of resources and a scam.