ahplummer on Nostr: The #Bitcoin network is core to the identity and value proposition of #bitcoin (the ...
The #Bitcoin network is core to the identity and value proposition of #bitcoin (the money). These two properties of value are necessarily correlated and intertwined to make #bitcoin more valuable than any other digital asset.
The money is valuable because of the network. The network is valuable because of the money. It's why it can't be copied/duplicated/replaced with another.
To separate bitcoin (the money) from Bitcoin (the network) is nearly analogous to attempt to separate hydrogen from oxygen and still retain water. Water is valuable _because_ of the binding of two parts hydrogen to one part oxygen. (Obviously, hydrogen and oxygen are valuable in their own right, so the analogy breaks down for the more pedantic among us.)
GM, it's block 884732.
The money is valuable because of the network. The network is valuable because of the money. It's why it can't be copied/duplicated/replaced with another.
To separate bitcoin (the money) from Bitcoin (the network) is nearly analogous to attempt to separate hydrogen from oxygen and still retain water. Water is valuable _because_ of the binding of two parts hydrogen to one part oxygen. (Obviously, hydrogen and oxygen are valuable in their own right, so the analogy breaks down for the more pedantic among us.)
GM, it's block 884732.