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Bitcoin does have a use case--you can buy drugs with it.

Bitcoin does have a use case--you can buy drugs with it. I'm not going to judge whether this is moral or not, but the point is it's serving a previously unmet need. There have been tons of attempts at cryptocurrency before Bitcoin, but Bitcoin came and it just worked to serve this purpose. And it enabled whole new type of transactions online. Currently it's definitely not mainstream currency but at least it has a clear set of customers from which they can expand. Which means, it's not like Bitcoin invented a non existing demand. It already existed, and Bitcoin came and served the previously unmet demand. My question was whether this urbit technology is something like Bitcoin where it serves a previously unmet (AND significant) demand. All previous attempts at this approach failed NOT because the technology was bad but because not enough people used them, which is different from Bitcoin.

Posted by cocktailpeanuts on Feb 8, 2017, 4:48 AM

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Bitcoin does have a use case--you can buy drugs with it.

cocktailpeanutsFeb 8, 2017, 4:48 AM

Bitcoin does have a use case--you can buy drugs with it. I'm not going to judge whether this is moral or not, but the point is it's serving a previously unmet need. There have been tons of attempts at cryptocurrency before Bitcoin, but Bitcoin came and it just worked to serve this purpose. And it enabled whole new type of transactions online. Currently it's definitely not mainstream currency but at least it has a clear set of customers from which they can expand. Which means, it's not like Bitcoin invented a non existing demand. It already existed, and Bitcoin came and served the previously unmet demand. My question was whether this urbit technology is something like Bitcoin where it serves a previously unmet (AND significant) demand. All previous attempts at this approach failed NOT because the technology was bad but because not enough people used them, which is different from Bitcoin.

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