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204

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[–] 1 pt (edited )

The value of bitcoin in it its being the most secure ledger in human history. Bitcoin is secured by a net expenditure of energy that dwarfs anything an attacker could possibly bring to bear against it. The certainty of knowing how much of a unit of account there is and who it belongs to is itself valuable.

[–] -1 pt

Bitcoin is 100 percent speculative. There is neither commodity nor work backing it.