a source familiar with the matter on Nostr: Nonzero valuation is not a fiat exclusive concept Why should bitcoins be worth more ...
Nonzero valuation is not a fiat exclusive concept
Why should bitcoins be worth more than zero grams of gold?
Why should bitcoins be worth more than zero ounces of steak?
Why should bitcoins be worth more than zero barrels of crude oil?
Etc
Obv bitcoins do currently trade above zero but I think that's a bubble that will go away when 1) central bank fiat liquidity is no longer being continually added and 2) we have widespread digital payments denominated in and redeemable in gold
Gold is never going to be worthless (it's a rare and useful physical commodity) so while I might be risking some purchasing power loss if it's demonetized I'm not going to get wiped out, while bitcoins could fail to trade. So the risk/reward favors me owning something tangible
Also your link doesn't work
Why should bitcoins be worth more than zero grams of gold?
Why should bitcoins be worth more than zero ounces of steak?
Why should bitcoins be worth more than zero barrels of crude oil?
Etc
Obv bitcoins do currently trade above zero but I think that's a bubble that will go away when 1) central bank fiat liquidity is no longer being continually added and 2) we have widespread digital payments denominated in and redeemable in gold
Gold is never going to be worthless (it's a rare and useful physical commodity) so while I might be risking some purchasing power loss if it's demonetized I'm not going to get wiped out, while bitcoins could fail to trade. So the risk/reward favors me owning something tangible
Also your link doesn't work