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Comment by Simon_says | Hacker News Reader

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Simon_says·

> superficial pattern matching.

> Bitcoin is Google.

Is this satire?

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Looking at the market cap, it's about half Google. Probably much larger (2x) by and of year according to Tom Lee.

You’re right. I meant, if anything Bitcoin is Google, but it’s not even that.

Google provides a valuable service that saves me time.

Bitcoin, uhh...

If you can’t see how Bitcoin provides millions of others a valuable service, you have a poor imagination.

Please do explain this service! Because as far as I can tell it's got no real utility outside of speculation.

How about the ability to move large sums of money around the world without having to trust or be limited by any government or bank?

Not really that useful to many millions of people IMHO.

Millions, yes it is... the world is a lot bigger place than you think it is.

Sorry, I don't believe being able to transfer large amounts of money around without having to trust or be limited by banks or governments is much concern to 'millions'.

There really aren't all that many people that have problems with that, who are that distrustful of existing infrastructure.

There are millions of millionaires in China alone that are very concerned about the future security and mobility of their money. Now consider India, Russia, Iran. This isn’t fiction.

This has been thrown around for years on the BTC scene, and it's just not a killer app. Nor do I believe that such people are willing to use cryptocurrencies for such transfers, in their millions.

And that's before we get on to whether it is moral to facilitate such anyway...

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