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> Bitcoins wasn't the first digital currency: the rest never really caught on.
It was the first distributed digital general currency.
It's ridiculous to believe that "Facebook credits" or "WoW gold" or any of the rest would become a universal digital currency, they were at the whim of a single entity, could be taken down, weren't general purpose, and so on.
The way people value assets among the general public is idiotic, and based on what they think some magical market fairy will bless or curse next. A small internet startup that has no monopoly on an easily reproducible product? Value in the billions! This happened with Groupon, and people said it couldn't just be recreated because of "brand recognition", and yet they turned down their buyout offer and are valued at a fraction of what they were, because plenty of competitors popped up. Brand recognition will not let those companies coast while they find a way to monetize and then pull in billions. What next? Instagram is valued at billions, and turns down facebook despite not having a model that will ever let it pull in close to what was offered for it. Next everyone will be shocked when Facebook just makes "self-detructing images" an option in the messenger platform they already have.
Bitcoin had an inherent utility that meant there was no competition in the market for it, and that was evident even when it was valued low.
@previous (Meta)
I was a child when both of those were happening.
squeegee !first/o5zA joined in and replied with this 13 years ago, 4 minutes later, 2 hours after the original post[^][v]#454,582
how many bitcoins do you have bitcoins?
Catherine !TGirlYJKXM joined in and replied with this 13 years ago, 25 minutes later, 2 hours after the original post[^][v]#454,584
I never invested in bitcoins, but now I wish I did.
Anonymous G joined in and replied with this 13 years ago, 24 minutes later, 3 hours after the original post[^][v]#454,585
So how exactly do you exchange them for usable money these days?
DasSheeple(MC-2hot4Slovenia) joined in and replied with this 13 years ago, 2 hours later, 5 hours after the original post[^][v]#454,600
There was a time I aquired 0.35 BTC, but I lost the wallet when 1 BTC was around $2ish... lost $200, feels bad. :(
(Edited 17 seconds later.)
TTEH !JXsxEkDBLs joined in and replied with this 13 years ago, 29 minutes later, 5 hours after the original post[^][v]#454,601
@previous (DasSheeple(MC-2hot4Slovenia))
I had 1 BTC and I gave it to the JIDF, because I thought it was funny. I don't remember how much it was worth back then, but it wasn't much.
I have 0.10995 atm.
(Edited 40 seconds later.)
Falco !a7Q.SWNEJw joined in and replied with this 13 years ago, 6 hours later, 11 hours after the original post[^][v]#454,613
squeegee !first/o5zA replied with this 13 years ago, 3 hours later, 1 week after the original post[^][v]#456,406
richard branson is accepting bitcoins as payment for rides in his rocketship.
that's pretty neat.
the trouble with bitcoins hitting 1k though is if it drops back down to $30 people who accepted 15 bitcoins for a car or some shit are going to be pretty pissed next week.
(Edited 29 seconds later.)
squeegee !first/o5zA double-posted this 13 years ago, 6 minutes later, 1 week after the original post[^][v]#456,408
actually, i don't know. my vision is cloudy on this one. it's probably going to kit 15k
Anonymous T joined in and replied with this 13 years ago, 3 hours later, 1 week after the original post[^][v]#456,420
Because I live in the real world.
Anonymous A (OP) replied with this 13 years ago, 12 minutes later, 1 week after the original post[^][v]#456,422