This framing tends to overlook service value in favor of good value. It's evident that the network provides a service, and all shitcoins are an effort to compete for that service of being a ledger. The ledger is also a form of security, security is also a service. Bitcoin may not be a product like a basket of eggs, but a service that makes sure no one can steal or kill your chickens has some value you'd trade eggs for.
Rothbard, Mises
Been plenty of threads lately in which we can conclude Mises was a clown on par or greater than Marx...
Rothbard too would take issue with Bitcoin, because of his clown stipulation that money be "sufficiently" divisible. Most of the cope in Bitcoin about adoption, MoE, fake L2's etc... is because its not sufficiently divisible for those use-cases.
Bitcoin simply does not divide enough for any meaningful number of people to use it as a day-to-day currency, it can only ever scale as collateral, which is far more important.
This framing tends to overlook service value in favor of good value. It's evident that the network provides a service, and all shitcoins are an effort to compete for that service of being a ledger. The ledger is also a form of security, security is also a service. Bitcoin may not be a product like a basket of eggs, but a service that makes sure no one can steal or kill your chickens has some value you'd trade eggs for.
Been plenty of threads lately in which we can conclude Mises was a clown on par or greater than Marx...
Rothbard too would take issue with Bitcoin, because of his clown stipulation that money be "sufficiently" divisible. Most of the cope in Bitcoin about adoption, MoE, fake L2's etc... is because its not sufficiently divisible for those use-cases.
Bitcoin simply does not divide enough for any meaningful number of people to use it as a day-to-day currency, it can only ever scale as collateral, which is far more important.