4 ms·
I may have implied more precision than I meant; my thought is just that the value seems more likely to be small than very large. Reasoning would be the things
by CommieBobDole 8y ago
I may have implied more precision than I meant; my thought is just that the value seems more likely to be small than very large.
Reasoning would be the things contributing to value are the utility (it's a medium of exchange) and the scarcity (there can only be a finite number of Bitcoin). But the latter has limited effect because anyone can create a new coin anytime they want to.
I could be wrong, of course. I'm not an economist.