>And if Bitcoin transactions can't outprice >JPEGs in the long run, then it's just not that >valuable.
The demand for *arbitrary* data is gigantically larger than monetary data. Bitcoin the money will never be able to compete with that, and expecting it to do so is just stupid.
Especially if we take the time dependency into account. The monetary use case proves its value in the Long Run (as fiat systems gradually start to fail one by one in the future).
But by the time we reach the point we actually need it, it could well be already dead - because it was just dominated by garbage in the meantime and ppl stop running nodes for this type of junk.
steepdawn974
npub18w…58w27
2025-05-25 21:44:04
in reply to nevent1q…59ke
Author Public Key
npub18w5m3n6cpq4axlhvrpz4kf4mqjj87j5wsddvrrr75s6gvulwzc3s458w27Published at
2025-05-25 21:44:04Event JSON
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"pubkey": "3ba9b8cf58082bd37eec18455b26bb04a47f4a8e835ac18c7ea4348673ee1623",
"created_at": 1748209444,
"kind": 1,
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"content": "\u003eAnd if Bitcoin transactions can't outprice \u003eJPEGs in the long run, then it's just not that \u003evaluable. \n\nThe demand for *arbitrary* data is gigantically larger than monetary data. Bitcoin the money will never be able to compete with that, and expecting it to do so is just stupid.\n\nEspecially if we take the time dependency into account. The monetary use case proves its value in the Long Run (as fiat systems gradually start to fail one by one in the future). \n\nBut by the time we reach the point we actually need it, it could well be already dead - because it was just dominated by garbage in the meantime and ppl stop running nodes for this type of junk.\n\n",
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}