LogFAQs > #942180124

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Topic	I still don't understand the fundamental concept of Bitcoins.
Sunhawk 07/16/20 7:48:06 AM #1:	Why does the so-called currency have any value whatsoever? I don't think you can actually buy anything with it, just convert it back into dollars, pounds, Euros, or whatever. I know that certain things, like gold bars, cannot buy things directly, and all types of money and currency are only valuable in the sense that we say they are (although in some cases, like specific metals, their rarity gives them value), but...Bitcoin appears to have no actual use at all. I'm so confused. Please lead me out of my Sunhawk-type ignorance. If that's even possible. --- It has been 0 days since something interesting happened. Thrill me, chill me, fulfil me. <cite>Sunhawk posted [p:942180124] in I still do... [t:78850244]...</cite> <quote>Why does the so-called currency have any value whatsoever? I don't think you can actually buy anything with it, just convert it back into dollars, pounds, Euros, or whatever. I know that certain things, like gold bars, cannot buy things directly, and all types of money and currency are only valuable in the sense that we say they are (although in some cases, like specific metals, their rarity gives them value), but...Bitcoin appears to have no actual use at all. I'm so confused. Please lead me out of my Sunhawk-type ignorance. If that's even possible. --- It has been 0 days since something interesting happened. Thrill me, chill me, fulfil me.</quote> ... Copied to Clipboard!
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