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Yet it is valued in the trillions. Likewise, our society uses billions worth of services from financial institutions. Bitcoin and more strongly Ethereum compete
by tinco 5y ago
Yet it is valued in the trillions. Likewise, our society uses billions worth of services from financial institutions. Bitcoin and more strongly Ethereum compete for that same utility.
Sure they have some utility. The current block reward of Bitcoin is 6, with a market value of 60000 that means every 10 minutes of ledger is valued at 360000 dollars worth of utility, or 52 million per day.