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Posted on 12/24/21 at 7:20 pm to jamiegla1
the network has properties that attracts users (scarce supply, known inflation rate, decentralized and peer to peer network) and network valuation is proportional to the number of interconnections within it (which is approximately the square of the number of users)
I don’t find this concerning at all
I don’t find this concerning at all
This post was edited on 12/25/21 at 2:58 pm
Posted on 12/24/21 at 7:58 pm to jamiegla1
quote:
which is saying that its value is based on nothing but its users
the value is based on being money where the supply and issuance is not controlled by oligarchs
person A holds their wealth in dollars (down 6% on the year)
person B holds their wealth in bitcoin (up 110% on the year)
one is preserving their wealth with a capped supply, the other has to hope sleepy joe and elizabeth warren dont print trillions more every single year
good luck lol
This post was edited on 12/24/21 at 8:03 pm
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