Message from @Lucienne d'Anwyl
Discord ID: 604108822881107988
So basically speculation
well its just like any other currency, people believe its worth something so it is
sure
no
its value is its rarity
also it has a limited amount that can be mined. so eventually the supply will run out
bwhy do they believe in this one?
the same reason people believe in the dollar
but basically
the creator makes a bitcoin
if another guy comes along
th dollar has a state actor behind it
das power
and recognizes that creators bit coin
he gets a bit coin
so on and so forth
well bitcoins power is not having a state backing it
until millions
it cant be stopped
of people
as each person is added to the chain
so the utility is the value
the amount of bitcoin harvested goes down
Bitcoin has no power behind it except by those who own it
the ability to, to some degree, hopefully, bypass regulatins
Outside of their little bubble, it's completely worthless
bitcoins power is simply that its a useful currency
Monero is pretty great too
and its taken sufficient hold in the world
that it is actually useful
for quick transactions
and conversions
not to hold tho
too speculative for that
Too volatile
If I never see anything having to do with the goddamn superhero movie genre ever again it’ll be too soon
bitcoin is basically just you hoping that it keeps going up
then it crashes
then it goes up