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But while the dollar is a poorly engineered money (so poor in fact that it relies on coercion for its value), Bitcoin is a brilliantly engineered money. It might not be perfect, but it’s pretty damn good, and this is why people are using it as money, despite the fact that nobody is forced to. And given that it is so useful as money, due to its attributes, it should not be a surprise to anyone that it commands a market price.