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

Wait, Why Is This Worth Anything?

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/

Tweets

@bitcoinnews » 05 Oct '12, 8pm
RT @KJ6CCZ: RT @KJ6CCZ: A better, less militant way of explaining #Bitcoin 's value. [link]
@damijanmerlak » 05 Oct '12, 10am
RT @Bitstamp: RT @Bitstamp: Wait, Why Is This Worth Anything? [link] #bitcoin
@Matt_H_79 » 04 Oct '12, 8pm
Coding+In+My+SleepWait%2C+Why+Is+This+Worth+Anything%3F+-+Coding+In+My+Sleep - [link] via @Shareaholic #bitcoin
@BitCoinReporter » 04 Oct '12, 4pm
Wait, Why Is This Worth Anything? Explaining Bitcoin's Value to the Economically Ignorant. [link] #bitcoin
@Pan0ram1x » 04 Oct '12, 3pm
#bitcoin, Wait, Why Is This Worth Anything? [link] <~ don't "dodge" that question with a "knee-jerk reaction"
@KJ6CCZ » 04 Oct '12, 3pm
A better, less militant way of explaining #Bitcoin 's value. [link]
@BitcoinByte » 06 Oct '12, 10am
RT @KJ6CCZ: RT @KJ6CCZ: A better, less militant way of explaining #Bitcoin 's value. [link]
@Pyramining » 06 Oct '12, 12am
RT @KJ6CCZ: RT @KJ6CCZ: A better, less militant way of explaining #Bitcoin 's value. [link]
@obinine » 06 Oct '12, 12am
RT @KJ6CCZ: RT @KJ6CCZ: A better, less militant way of explaining #Bitcoin 's value. [link]
@bitcoinmoney » 05 Oct '12, 8pm
RT @KJ6CCZ: RT @KJ6CCZ: A better, less militant way of explaining #Bitcoin 's value. [link]
@Bitstamp » 05 Oct '12, 10am
Wait, Why Is This Worth Anything? [link] #bitcoin