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No, Gold value comes from the fact that we all agreed that it should have a value, and it's scarce. Same for Bitcoin. And yes you can parade the fact that you
by efwfwef 6y ago
No, Gold value comes from the fact that we all agreed that it should have a value, and it's scarce. Same for Bitcoin.
And yes you can parade the fact that you own a bitcoin address, this is after all probably the only reason most people know about Craig S. Wright
> There is no convenience, no government backing, and no trust
convenience is in stablecoins, government backing is in CBDC, trust is anchored at the foundation of any cryptocurrency project...
Let me put it this way: as long as people will find ways to do things with Bitcoin (remittances, darkmarket, etc.) that they couldn't do with Gold or USD or whatever, then it'll have value. 40k of value? I don't know, but it will still have value.