Where does the scarcity get it's value though?

cyber vermin

Post Malone looks like a sack of garbage.

when bitcoin was created, it was in the code that there's only gonna be 21 million available ever

when you "mine" bitcoins are created over time until that 21 mil mark

Alright...? And why is it valuable?

we're 3/4 of the way there now

because scarcity

because paypal without asking

permission

So as long as it can be exchanged into USD

it's like paypal and gold mixed together

When you use Paypal, you're exchanging USD.

it can - but like someone pointed out - those are fault points

I've used crypto to directly trade

I want your thing or do some work for me...

you can go through 3rd parties if you want..

I could deposit bitcoin at Quadriga and have it sent to my bank account directly

but at that, you have to find someone willing to accept Crypto.

if Quad doesn't want to play, I can go elsewhere

or I can trade it in person like I would a silver coin

there's a huge OTC market. localbitcoin is another option

it connects people

like a buy and sell forum, the website escrows your coins during the deal (holds it so no one cheats)

I think the question we're circling toward is: What value would bitcoin have if it got cucked out of exchange for "normal" fiat?

ok, so..

Bingo

china bans bitcoin all the time

india bans bitcoin all the time

it just gets more popular because that's like erasing the gold standard back in the day. do you guys know the history of that?

Yes.

Go on.

when the gold standard got whiped out, it was illegal to use gold to transact

so.. is it worth "less" because of that?

the short answer is yes... but the long answer is no

so, some countries try to ban bitcoin, and other countries are like: holy shit, we are making good tax money on capital gains, come to our country

what do you think is gonna happen?

canada is pretty pro crypto btw

as long as you declare it

so, they won't shut down the exchanges if they make shitloads of moneyz

Venezuala.