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Discussion on: Do you know of any effective Blockchain use cases?

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Pavel Ševčík

Something has value if it checks these two characteristics: scarcity & utility.
Bitcoin is scarce because there will ever be only 21 million Bitcoins. Not more.
What about utility? Bitcoin could become global reserve currency, capable of being transferred around the world in minutes (not days) and capable of being unconfiscable while holding its value.

It has nothing to do with fiat.