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0 sats \ 1 reply \ @k00b 30 Sep \ parent \ on: What about Bitcoin are you too embarrassed to admit you still don't understand? bitcoin
What's the commodity exactly? It's kind of self-referential, isn't it?
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0 sats \ 0 replies \ @Solomonsatoshi 30 Sep
In the case of Bitcoin, I guess the commodity is the exclusive encrypted ability to transfer the tokens held at a specific address on the blockchain? Like all money Bitcoin is an entirely human construct...in the case of Bitcoin, only existing within/upon the human construct of the blockchain. So the inherent value is sourced in the right to transfer the right to transfer on the blockchain. Yes rather circular!
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