bitcoin

The value of Bitcoin is distinct from its price, as is the case with any other currency, whether fiat or alternative. Value is an intrinsic measure determined by the defining characteristics that compose the nature and functionality of a currency, whether it is fiat or alternative. Price, on the other hand, is influenced by external factors beyond the qualitative characteristics of the currency. The value of Bitcoin is what gives meaning to its functionality and its use by many users worldwide. The question is, what factor breathes life into this value?

This value does not stem from the fact that each unit of Bitcoin represents a certain value of fiat money in digital form. It is not backed by any tangible asset, such as fiat currencies like the US dollar, the euro, etc. While it may express such a value, it remains independent of the conditions of existence and circulation of fiat money. To be concise, the real value of Bitcoin primarily depends on its utility and secondarily on its scarcity.

In contrast to price, the value of Bitcoin is not a fluctuating measure influenced, for instance, by adoption levels or speculations regarding its use and strength in the transactional market compared to other currencies. Bitcoin is supported not by any asset but by its core Code and its utility, which is a derivative of this Code and the Blockchain ledger.

The fact that Bitcoin is not a centralized network driven by a single issuing authority or a trusted third party, but rather a decentralized and distributed network across many users, relying solely on its Code as an automated, programmed, and programmable "authority," is what empowers the currency. Its independence from any entity, particularly an organization with specific policies imposing restrictive terms on the currency's functionality, coupled with its ongoing programmability, is precisely what creates Bitcoin's utility.

As a programmable currency, it can have various functionalities—from a simple payment method or investment medium to independence from the international banking system and any intermediary in all types of transactions. This includes the creation of DACs (Decentralized Autonomous Corporations), the first decentralized companies that operate without actual labor provided by employees. Bitcoin’s flexibility has resulted in the community continuously discovering new uses for the currency.

The scarcity of Bitcoin comes second, primarily because, without its utility, Bitcoin would not have achieved the adoption and growth it has seen. Scarcity, as a measure, is mainly related to the limited number of bitcoins that can ever be produced. The total number of bitcoins cannot exceed 21 million. Every four years, the number of bitcoins produced is halved until it reaches the maximum limit of 21 million, which is the ultimate cap for now.

The value of Bitcoin is distinct from its price

Fun Fact Friday - Best Fun Fact Gets 5,000 CCs

Before erasers were invented, people used bread to remove pencil marks.

![](https://m.stacker.news/73410)

news

The "freedom of expression" touted by the tech moguls is a blatant fraud. Behind their hypocritical proclamations of free speech lies repression, censorship, and authoritarianism. A striking example is the case of Washington Post cartoonist Ann Telnaes, whose cartoon was censored for the first time since she began working at the newspaper in 2008. The cartoon depicted billionaires bowing down to Trump.

As Ann Telnaes herself noted in a post:

>The cartoon that was killed criticizes the billionaire tech and media chief executives who have been doing their best to curry favor with incoming President-elect Trump. There have been multiple articles recently about these men with lucrative government contracts and an interest in eliminating regulations making their way to Mar-a-lago. The group in the cartoon included Mark Zuckerberg/Facebook & Meta founder and CEO, Sam Altman/AI CEO, Patrick Soon-Shiong/LA Times publisher, the Walt Disney Company/ABC News, and Jeff Bezos/Washington Post owner.

https://anntelnaes.substack.com/p/why-im-quitting-the-washington-post

Censorship…

Stacker Saloon

saloon

culture

Missing the Point: Vote the Bums Out!

kepford

Well said. Focusing on politicians as if they’re the root of the problem misses the bigger picture.

Christmas greeting card v2 [100x gift inside]

030e0dca83

Christmas is a moment to reflect on our gifts and express our affection. Wishing a blessed Christmas season to all! 

food_and_drinks

It's That Time Of Year

siggy47

Show HN: Bitcoin Piñata, the first-ever piñata that pays you bitcoin!

supertestnet

Ideologies were invented so non-thinkers could have opinions. I see it everywhere these days - people confidently spouting views they've never really questioned, just because their chosen ideology handed them a pre-packaged set of beliefs.

It's like having a mental fast-food menu. Why bother analyzing complex issues when you can just check what your ideology says about it? Left or right, conservative or liberal - just pick your team and you get all your opinions served on a silver platter. No critical thinking required.

Take Bitcoin for example. It's almost comical watching people at parties passionately argue about cryptocurrency when they clearly don't understand blockchain basics. They're just regurgitating buzzwords they heard on social media or from some influencer - "decentralization," "hedge against inflation," "the future of money" - without having a clue how any of it actually works. Their conviction isn't built on understanding; it's borrowed from whatever crypto guru they follow.

Maybe it's time we all stopped outsourcing our thinking to ideologies and started forming opinions the hard way - by actually thinking for ourselves.

Ideologies were invented so that men who do not think can give their opinions

alter_native

A picture with deep meaning!

The values and treatment we provide to children will ultimately shape their future character and actions. So let's sow love and kindness in our children.

![](https://m.stacker.news/66694)

Parent's Corner: What you sow, you will reap

![](https://m.stacker.news/63433)

On the wall, it was written:
"They lived happily, but not together."

Unlike the stories we were told when we were children, which ended with the phrase:
"They lived happily and had many children."

They lived happily and had many children

Politics_And_Law

I completely understand the Americans who voted for Trump because his promises are closely linked to economic growth and the improvement of social, educational, and other conditions in America. (If I lived there, who knows, maybe I would have voted for him too, seeing all those promises, although I think most of them are just campaign promises). It seems that the Biden administration had crossed the line with left-wing policies, and in such situations, a populist like Trump finds it much easier to win. Without getting too deep into analysis (I am not an expert in this field), I hope that the new presidency is a good one for Americans.

What I don't understand is the enthusiasm of so many people (non-Americans) who live outside America. Even in my own country, many people were happy about Trump's victory. Political talk shows are still talking about it.

How can people who aren't American and don't live in America be happy when Trump's policies are only for the good of his country? To him, the rest of us are "the rest of the shithole", as he has said.

He also doesn't care what his allies think. For example, Trump's priorities do not include NATO (which many countries, including my own, are proud to belong to because NATO is supposed to protect us in case of danger). His idea of an end to the war in Ukraine is the surrender of Ukrainian territory to Russia. As for the war in Israel, his support for Israel has only increased, making a solution even less likely shortly.

Trump's supporters expect him to bring solutions to the wars, but no one knows how he could resolve them.

In terms of economic development, Europe could become even weaker economically because Trump is in favour of boosting exports and minimizing imports. This will further increase Europe's trade tariffs with the US; perhaps the dollar will also strengthen. I won't even go into his immigration policy, which is well known, or his environmental policy.

So what economic solution would Trump offer to non-American states?

What is there for non-Americans to celebrate in Trump's victory?

Can anyone explain this to me? I am trying to understand.

How do you explain the enthusiasm for Trump's victory in so many countries?


I walked again along the narrow sidewalk where roadwork was being done and went down the wide boulevard. Because of the dust raised by the heavy machinery, the lights of vehicles appeared hazy to me, and traffic lights, spaced apart from each other, pulsed above the smoky horizon of the large boulevard—the largest in our city. 

I waited a few minutes for the bus, and after five stops, I got off right at the entrance to Tringa’s neighborhood. The old prefabricated apartment buildings added sadness to the night, and each balcony painted differently seemed to try to cover up the shame of those ugly buildings that belonged to another time and reality.

Somewhere, I had read that communist architects deliberately designed the small apartments so people wouldn’t have the chance for critical thinking or privacy, and without privacy, they wouldn’t have the opportunity to form individual opinions or to conceive of any possible revolution. They knew that the path from thought to action was very short, so they took care to make the homes resemble traps. And I remembered the novel I read, _Life in a Matchbox_, which attempted to explain in its entirety the impact of these boxes of concrete and lime on the collective psyche of the citizens of my country. 

This was the greatest crime against humanity that the dictatorship had committed: to narrow spaces, to surround oneself with old walls, and to never have, for a single moment, the illusion of space and horizon within oneself. The small windows only added to the pain, offering just a limited view of the world. 

Everything that existed out there and came through the windows was limited. In a certain way, along with life, they had also diminished our illusions, and consequently, our dreams.

Life in a Matchbox

AskSN

Infantile love follows the principle: "I love because I am loved.”

Mature love follows the principle: "I am loved because I love.”

Immature love says: "I love you because I need you."

Mature love says: "I need you because I love you.”

Erich Fromm, The Art of Loving

Which is your favorite love principle?

ideasfromtheedge

Tomorrow is the big day for all Americans: election day. I would dare to say that it is an important day for the whole world because American politics (fortunately or unfortunately) have a great impact on the whole world.

How do American stackers feel about this event? 

Are you ready (spiritually and physically) to express your will through voting? 

I hope you will vote wisely and choose the best option for America first and the rest of the world second. As citizens of the world, we should be careful who we give the power to govern us, especially in a country whose policies affect many other countries in the world. So folks, you are not just voting for yourselves, you are voting for all of us non-Americans. Think about that when you go to vote. 

We are also on the last day before we switch to the new zapping and stacking system on SN. I hope you all have your external wallets connected and are ready to zap and stack sats. It would be very bad, IMO, to zap real sats and the other one gets cowboy credits because he hasn't connected to an external wallet. There are many methods of connecting an external wallet. If I, being a non-technical guy, have connected my wallets for receiving and sending easily, I think all of you can do it.  

I see a lot of questions about this change. The last ones are the questions asked by @siggy47 [here](https://stacker.news/items/752515). 

All these questions wouldn't exist if someone connected with an external wallet. Am I right @k00b and @ek? 

I know that every change in life is difficult at the beginning, but apart from that: How do you feel on the last day before the change takes place? 

Vigil of American elections and the last day of using the SN custodial wallet

I've grown up now and I have no patience for guessing what you don't tell me. I'm tired of guessing. I want to hear it and I want to see it.

I'm grown up now. I don't waste time giving people hundreds of second chances.

I've grown up now and I only want real people around me. People who say what they think and who really mean what they say. I only want people around me who are clean and transparent.

Loneliness doesn't scare me like it used to. 

I have fun with myself and I have now realized that I am better off alone than in bad company.

I grew up now and I only want people around me who don't compromise with ugly and unfairness, who dream of a better world. I only want people next to me who are beautiful. From the inside. People who think and who we can talk to. And people who talk without too many words. People who I can sit next to in silence and not feel the need to fill the silence. But, when we do fill it, we really do speak.

I've grown up now and I'm finally free. 

Sunday thoughts

Do you know why people don't appreciate what you do for them?

Do you think limitless giving is possible for humans? 

It is because the first time you do something for someone, you create a feeling of gratitude. 

The second time you do or give something to someone, you create expectations. The person expects...

By the third time, you've already created a sense of waiting. The person is waiting to receive...

The fourth time you make one feel valued. The person feels worthy of what you give and wants to continue to receive. 

By the fifth time, you have already created an addiction. This person feels he can't live well without what you give them. You have already spoiled them. 

The sixth time you realise that there is no reciprocity, and you stop giving, then the spoiled person you have created will be angry at you for denying him what he so desperately wants, and will end up hating you because you have stopped giving him what he thinks he deserves. 

That's why you have to put a LIMIT on giving, because the other person has no limit on receiving.

He has created a masterpiece.

Why doesn't he want to take the credits he deserves for this amazing creation?

Why doesn't Satoshi Nakamoto reveal his identity?

Do you think oil could become a more valuable asset than gold in the future?

This is a very interesting distinction. It shows how well an economic mind works. 😊

I had the unit price in mind.