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May 27, 2017, 01:06:31 PM |
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Back in the day, bitcoin was just nothing. Only a concept created by an anonymous developer. The first real world transaction that happened, 10,000 btc for 2 pizza. Then it was something. To think of it, paper money also has no value. It is only used as a medium of exchange backed by the government of the country using it.
Paper in exchange of lands, paper in exchange of goods, services. Currencies. Why would someone agree to exchange land for paper?
Only gold and silver have real value. Paper money maybe I can use it to wipe a poop on my ass.
Bitcoin, I see it same as other altcoins. If used as cryptocurrency, except that bitcoin came first and got the mainstream acceptance.
Therefore if bitcoin has value, altcoins would have too. If bitcoin has no value, therefore same would be for altcoins used as cryptocurrency.
Other tokens must not be classified as cryptocurrency. Their intended use is not as a cryptocurrency. This would have different value based on its usage.
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