Replying to Avatar Laeserin

Well, that's the same with any commodity. If silver or oil loses all value to anyone, including as a currency, then it can't be used in trade and completely loses its monetary function.

Bitcoin is actually sort of protected by that, as its value as a currency is not dependent upon some secondary function.
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nami 1y ago

It depends on the bitcoin infrastructure which is not user friendly, but maybe people will simply prefere something else and bitcoin becomes irrelevant, who knows 🤷. For the moment so far so good.

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Laeserin 1y ago

Too much energy trapped in it, to become irrelevant. It might have trouble being used for small purchases, tho. Sort of fiddly.

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nami 1y ago

Lightning network is good for this.

Time will tell