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While it's still debatable whether crypto currencies are pure speculation vs. the new "gold" vs. a new currency that will kill the national ones - As a philoso
by mojuba 5y ago
While it's still debatable whether crypto currencies are pure speculation vs. the new "gold" vs. a new currency that will kill the national ones -
As a philosophical idea, can we at least agree that the inherent value of Bitcoin and the fundamental reason some people invest in it is... the beauty of mathematics?
- em3rgent0rdr 5y agoUS Currency says "In God we trust." Bitcoin says "In Math we trust."
- tromp 5y ago> the fundamental reason some people invest in it is... the beauty of mathematics? Bitcoin is full of ugly warts though. While some other coins featuring much more beauty (simplicity and elegance) are near worthless. Furthermore, most people speculating on bitcoin have a very limited understanding of the mathematics underlying bitcoin...
- mojuba 5y agoUnderstanding the underlying math is not required really. You may just believe crypto is pure math and its beautiful as such. Like, personally I don't fully understand it - never bothered to study tbh.
- Ekaros 5y agoSome people sure, but I'm not sure how big majority that still is. I believe currently it's value is greater fool theory. Those who value it for mathematics, would likely value the state of the art cryptocurrencies more. As BTC really isn't any way special outside being the first one.
- mojuba 5y agoI wasn't clear, sorry. I'm not saying people may be investing because they appreciate the math. It's not about the motivation as much as it's about reconciliation, or let's say finding the common denominator in debates. On some abstract philosophical level we can all agree that because crypto currencies are pure math they are beautiful as such. Knowingly or not, people invest and trade the power and beauty of mathematics. Just a neat meta-idea, that's all.