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Comment by cs702

> ...can you actually do more with it [I assume you mean Bitcoin] now than you could five years ago?

Not really. To date, Bitcoin has been used successfully only as an alternate store of value -- one which, like gold, doesn't depend on the financial credibility of a particular government or country. Bitcoin's continued existence depends only on the integrity of its distributed consensus algorithm, which so far has withstood all attempts at hacking it. The "alternate store of value" opportunity is not small. Gold alone has a current market capitalization of $12.9 trillion.[a]

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[a] https://companiesmarketcap.com/gold/marketcap/

parent cs702 3 years ago

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