Nonzero valuation is not a fiat exclusive concept
Why should bitcoins be worth more than zero grams of gold?
Why should bitcoins be worth more than zero ounces of steak?
Why should bitcoins be worth more than zero barrels of crude oil?
Etc
Obv bitcoins do currently trade above zero but I think that's a bubble that will go away when 1) central bank fiat liquidity is no longer being continually added and 2) we have widespread digital payments denominated in and redeemable in gold
Gold is never going to be worthless (it's a rare and useful physical commodity) so while I might be risking some purchasing power loss if it's demonetized I'm not going to get wiped out, while bitcoins could fail to trade. So the risk/reward favors me owning something tangible
Also your link doesn't work
asourcefamiliarwiththematter / a source familiar with the matter
npub17k…mhcd0
2023-01-25 12:02:21
in reply to nevent1q…fxnp
Author Public Key
npub17k64766yhzvhk2mws356dftl35lnkthjwq34gdz9cs8va3y9aejqwmhcd0Seen on
wss://relay.noswhere.comPublished at
2023-01-25 12:02:21Event JSON
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"content": "Nonzero valuation is not a fiat exclusive concept\n\nWhy should bitcoins be worth more than zero grams of gold?\nWhy should bitcoins be worth more than zero ounces of steak?\nWhy should bitcoins be worth more than zero barrels of crude oil?\n\nEtc\n\nObv bitcoins do currently trade above zero but I think that's a bubble that will go away when 1) central bank fiat liquidity is no longer being continually added and 2) we have widespread digital payments denominated in and redeemable in gold\n\nGold is never going to be worthless (it's a rare and useful physical commodity) so while I might be risking some purchasing power loss if it's demonetized I'm not going to get wiped out, while bitcoins could fail to trade. So the risk/reward favors me owning something tangible\n\nAlso your link doesn't work",
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