Colin on Nostr: What most people do not understand is that Bitcoin has value for economy thru ...
What most people do not understand is that Bitcoin has value for economy thru transaction. No gouvernment or corportation would purely rely on a virtual on chain stored value. Its economical impossible. The network and validation is valuable. Ok in case of bitcoin it produces a lot of debt thru high energy consumtion. But thats the reason governments rely on the network structure. It could be at 0.001 ct and still would bring the same benefit for large transactions which states and corportations value mostly in commodities like gold or oil. Buy NFTs. No Advice. There could even be a seperated amount of bitcoins which could be traded in a complete encapsulated economic zone. Virtual and theoretical everything is possible. But the masses will be ripped of like ever same old story different time, over and over, again…
Published at
2024-06-14 00:07:00Event JSON
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"content": "What most people do not understand is that Bitcoin has value for economy thru transaction. No gouvernment or corportation would purely rely on a virtual on chain stored value. Its economical impossible. The network and validation is valuable. Ok in case of bitcoin it produces a lot of debt thru high energy consumtion. But thats the reason governments rely on the network structure. It could be at 0.001 ct and still would bring the same benefit for large transactions which states and corportations value mostly in commodities like gold or oil. Buy NFTs. No Advice. There could even be a seperated amount of bitcoins which could be traded in a complete encapsulated economic zone. Virtual and theoretical everything is possible. But the masses will be ripped of like ever same old story different time, over and over, again…",
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