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86 sats \ 1 reply \ @Undisciplined OP 21 Mar \ parent \ on: Reflections from the Nakamoto Simulator bitcoin
It's because most people don't think Bitcoin will emerge as money (or at least that it's not likely to). That leads to a lower valuation.
The fact that Bitcoin is appreciating so rapidly, though, indicates that it's been undervalued.
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42 sats \ 0 replies \ @kepford 22 Mar
The fact that so few understand it and yet its market price is where it is at is wild to think about.
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