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The closest "normal" thing to Bitcoin is commodities, since it's a non-performing asset. It's also deflationary since its total supply is fixed (somewhat like g
by H8crilA 7y ago
The closest "normal" thing to Bitcoin is commodities, since it's a non-performing asset. It's also deflationary since its total supply is fixed (somewhat like gold, of which not much more can be mined at reasonable prices). But it does not behave like any other commodity - it's much more volatile. It may start to calm down at some point.
- keymone 7y agosure, my point was that "value" is artificial concept in itself. if there was no intelligent life - what in the universe would have "value"?