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In reply to the discussion: Bitcoin tumbles more than 50% below its all-time high as crypto plunges again [View all]hueymahl
(2,497 posts)Nothing. Just a shiny rock. It has value because people agree it has value. Similar to all abstract forms of value used for exchange.
BTC is a store of value in the same way gold is a store of value.
Much of the rest of cryptocurrency (e.g., ETH), has massive use cases in rebuilding and decentralizing finance through smart contracts.
I wish more around here knew about it, because it fits very well with progressive ethics. Removing the gatekeepers and toll takers from the system so money is more free and democratic. Reduce the power of goldman, etc.
Then there is gaming, property rights management, reformation of the music industry to give artists more of what they earn.
I really encourage everyone to educate themselves about the possibilities.