Gold has more annual inflation than Monero and the best SoV for several millennia, so that answer isn't very satisfying. Bitcoiners hyperfocus on supply and ignore demand. Without any demand you can have 1 Bitcoin and it is worth nothing if no one wants it.
Utility brings demand and absolute scarcity isn't necessary for value (I'm not saying Bitcoin is without value either). It's not all or nothing.
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2024-01-04 16:36:42
in reply to nevent1q…aj7m
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2024-01-04 16:36:42Event JSON
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"content": "Gold has more annual inflation than Monero and the best SoV for several millennia, so that answer isn't very satisfying. Bitcoiners hyperfocus on supply and ignore demand. Without any demand you can have 1 Bitcoin and it is worth nothing if no one wants it.\n\nUtility brings demand and absolute scarcity isn't necessary for value (I'm not saying Bitcoin is without value either). It's not all or nothing.",
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