Jordan on Nostr: Bitcoin is not inherently valuable due to scarcity. What makes Bitcoin valuable is ...
Bitcoin is not inherently valuable due to scarcity.
What makes Bitcoin valuable is the innovative, and valuable technologies that power it to make it a more efficient payment system than our current payments systems.
However, other cryptocurrencies have utilized different technologies to further innovate.
If Bitcoin does not continue to innovate it will be replaced by more effective technologies like Ethereum, Litecoin, Bitcoin Cash, and Monero that continue to improve their technology sets, and cryptographic principles.
What makes Bitcoin valuable is the innovative, and valuable technologies that power it to make it a more efficient payment system than our current payments systems.
However, other cryptocurrencies have utilized different technologies to further innovate.
If Bitcoin does not continue to innovate it will be replaced by more effective technologies like Ethereum, Litecoin, Bitcoin Cash, and Monero that continue to improve their technology sets, and cryptographic principles.