Dropbox is a useful service. The comment about 'bit torrent' makes little sense. Having cloud storage 24/7 high availability has utility. (Yes, if the interent were designed a bit different, that config might be slightly different, but there'd be some value in Dropbox in there somehow).
Bitcoin has no utility.
It has the 'promise' of utility, which is the current utility it rests upon, making the underlying value quite difficult to determine.
If BTC were to dissapear, the world wouldn't skip a beat, and we would have no need to 'reinvent' BTC.
We would likely to continue to think about and experiment with other things, but as it stands so far, BTC isn't the solution to anything.
yellowapple|3 years ago
See? We both can play that game!
jollybean|3 years ago
Bitcoin has no utility.
It has the 'promise' of utility, which is the current utility it rests upon, making the underlying value quite difficult to determine.
If BTC were to dissapear, the world wouldn't skip a beat, and we would have no need to 'reinvent' BTC.
We would likely to continue to think about and experiment with other things, but as it stands so far, BTC isn't the solution to anything.