04 Oct '12, 3pm

A better, less militant way of explaining #Bitcoin 's value.

A better, less militant way of explaining #Bitcoin 's value.

The really sad part is, it's not even because we haven't got an answer - we dodge the question because it's a hard one to answer without a lot of economic pretext and de-programming. Most folks have been using government-issued fiat currency their whole lives. It has value to them because of practice, not theory. The vast majority of people simply accept that the money they've used to pay for things their whole life has value. There's nothing wrong with that assumption, either. Fiat currency has value, there are lots of good reasons why and that's important because they share a lot of those reasons with Bitcoin. If the goal is to incite adoption, then the methodology should be education. Lacking education, those incited to join the Bitcoin cause are likely to jump ship to another cause just as easily - they're not the ones we want.

Full article: http://codinginmysleep.com/wait-why-is-this-worth-anything/

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