#2626 new
diagodevilla (at gmail)

Why Do Bitcoins Have Value?

Reported by diagodevilla (at gmail) | May 25th, 2021 @ 07:24 PM

Why Do Bitcoins Have Value?

Bitcoin offers an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank-controlled fiat money.1 There has been a lot of talk about how to price Bitcoin, and we set out here to explore what the cryptocurrency's price might look like in the event it achieves further widespread adoption. First, however, it is useful to back up a step. Bitcoin and other digital currencies have been touted as alternatives to fiat money. But what gives any type of currency value?

Some common cryptocurrency scams could be avoided.

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