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0 sats \ 2 replies \ @Solomonsatoshi 7h \ parent \ on: What about Bitcoin are you too embarrassed to admit you still don't understand? bitcoin
In the context of emerging post GFC, and 'Greenspans put' Bitcoin has the inherent value of being the first ever fungible commodity with a strictly limited total volume of issuance.
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0 sats \ 1 reply \ @k00b 7h
What's the commodity exactly? It's kind of self-referential, isn't it?
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0 sats \ 0 replies \ @Solomonsatoshi 7h
In the case of Bitcoin, I guess the commodity is the exclusive encrypted ability to transfer the tokens held at a specific address on the blockchain? Like all money Bitcoin is an entirely human construct...in the case of Bitcoin, only existing within/upon the human construct of the blockchain. So the inherent value is sourced in the right to transfer the right to transfer on the blockchain. Yes rather circular!
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