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100 sats \ 7 replies \ @justin_shocknet 7h \ parent \ on: What about Bitcoin are you too embarrassed to admit you still don't understand? bitcoin
Cloud services / software, Bitcoin is a hosted database
Accreditation / membership, Bitcoin is a network
Value is subjective, so ornaments have no "inherent" value as you put it, only utility is inherent value, and history is rife with non-utility
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That makes it easier then to compare I think...
Stones/shells didn't start out as money, but people collected them for ornamental purposes, then money emerged from that bootstrapping by mineral spergs
Bitcoin started out as a toy collectible much in the same way, even though it was designed as money, value still had to emerge from an otherwise valueless ornament for spergs
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Yes I look at it as it was designed to make the jump from toy to money, it couldn't be money day 0 because money is emergent
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Perhaps spergs can see the inherent value in things normies take longer to see.
Like the first predetermined and strictly limited total issuance of any commodity in the known universe.
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Guaranteed, no normie would find a chunk of gold and flatten it into a disc for barter.
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