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by noch
1956 days ago
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> When the US government rules it illegal, or enough people collectively lose interest, btc will no longer have value. Recall that for the first 2 years of its life, bitcoin had no market price. Bitcoin acquired a price because it has value to some people. That is, its having value preceded it having a price. What that should tell you is that even if a lot of people lost interest, bitcoin would still be valuable. The key insight arrives if you figure out what is valuable about Bitcoin that caused btc to acquire a price. "
It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.
"
https://satoshi.nakamotoinstitute.org/emails/cryptography/17... |
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