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by pmastela
1926 days ago
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> This means Bitcoin's value is based on completely ephemeral feelings, and the size of its network -- both things that can disappear overnight. Yet here we are in 2021. The ephemeral feelings to me are the memes that keep things like culture going as well as Bitcoin, and thanks to the Lindy Effect [1], everyday Bitcoin doesn't die, it grows stronger. If ever there was a time for Bitcoin to die, it would've been in its infancy days in 2009 -- yet here we are in 2021. 1: https://en.wikipedia.org/wiki/Lindy_effect |
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