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On lower level, Bitcoin's intrinsic value is the right/ability to write a new row into an immutable append-only decentralised censorship-proof spreadsheet table
by dr_win 10y ago
On lower level, Bitcoin's intrinsic value is the right/ability to write a new row into an immutable append-only decentralised censorship-proof spreadsheet table. It is valuable not only in economic context to create a border-less cash-like virtual commodity. It could be used for proof of publication or proof of existence and in many other ways.
- kordless 10y agoWithout causality, storing a number in a row in an immutable table isn't going to happen. Bitcoin's value is certainly derived from its ability to keep things immutable, but keep in mind there is another force at play here as well: human based causality.