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The value in USD of BTC comes from the supply and demand of people exchanging it for USD. So the value is derived from usage, not the cost of what it took to mi
by wintersFright 13y ago
The value in USD of BTC comes from the supply and demand of people exchanging it for USD.
So the value is derived from usage, not the cost of what it took to mine. How much does it cost the Fed to mint a USD? The gap in cost/value is called seigniorage.