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No, you have the causality backwards: the high value of BTC is what incentivizes large investments of electricity and servers. The value of a currency depends o
by allenz 9y ago
No, you have the causality backwards: the high value of BTC is what incentivizes large investments of electricity and servers. The value of a currency depends only on supply and demand. BTC has the highest demand among cryptocurrencies mainly due to network effects.