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!
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!