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The last paragraph makes me perplexed. If I create a religion saying that the only worth purpose in life is to own one of my drawings, and then I make 10 of th
by henearkr 5y ago
The last paragraph makes me perplexed.
If I create a religion saying that the only worth purpose in life is to own one of my drawings, and then I make 10 of them, and then I get the whole Earth population to believe this religion, my drawings will have an unbounded market cap too.
That does not make them "proving value as sound money", only it shows that they are very desirable, but what it does not reveal is that the reasons behind it are irrational.
About the bitcoin as an "incentive for more renewable", wouldn't all the catastrophes present and future provoked by the global warming be a sufficient incentive? Why would adding random usages of energy change anything?