Cash is just as much a measure of information as are the numbers in your bank account. It indicates in it’s purest form how much society owes you for goods and services you have provided.

This allows people to postpone the exchange for when they need something later like saving for a car.

Bitcoin provides a ledger that makes the promise that that system tracking who is owed what cannot be fucked with, as it happens with fiat currency after fiat currency.

The price of Bitcoin relative to these other currencies is humanity busy deciding how much we collectively value such a system. This value discovery makes using it as a day to day means of exchange impractical right now, but I believe like most of us here, that it is an amazing store of value in the long run.

submitted by /u/pYr0G3ist
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