Bitcoin has failed as a store of value and safe haven, Tezos should be the number one blockchain
It’s easily upgradable, it has security in mind. It’s the most flexible blockchain, it doesn’t damage the environment through asics and actually gives value back and a voice to those in possession of XTZ in decision making. With Tezos you wouldn’t have had all these big infighting on a protocol upgrade for years and probably for ever that will be hunting Bitcoin every time is wants to change/add upgrades. I’m in this since 2013 and seen many blockchains come and go, but have never seen one performing like Tezos.
Just remember that "prices" are just a subjective way for people to measure how much they value something using numbers. We don't have to think about the price of Bitcoin in terms of Dollars. That's just how we're conditioned. We could start pricing Bitcoin in terms of time and energy instead.
But way or another, Bitcoin will win out because it is the fairest and most secure accounting information system that the world has ever seen.
I have some dumb (noob) questions: As the overall number of people who own any amount of bitcoin at all increases, does that, in and of itself, drive the value of bitcoin upward? If so, why and how? If not, why not?
An incredible $1.7 billion worth of Bitcoin (BTC) contracts exchanged hands on CME this Thursday, breaking all records for futures. That’s the highest level it has ever been both in terms of the number of contracts exchanged, 29,225, as well as in term of value traded.
Bitcoin’s price needs to grow 100x to be worth a million dollars. Metcalfe’s law states that a network’s value is the square of the number of users. So if the total number of bitcoin users only gets 10x bigger, each BTC will be worth a million dollars
Bitcoin holders will always have roughly 100x more staked on the value of Bitcoin than miners. This proves it is financially infeasible for miners to afford a node, that a significant number of Bitcoin stakeholders cannot also afford. For that reason, the "Runaway node" cost is a myth.
When Vertcoin hit its peak price in October, Bitcoin was only worth around $5,500 (so VTC was valued at around $6.50). However, if Vertcoin hits that same number now, 90k satoshis, it'll be worth more like $9!
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Here is the magic number. If the choice is to hodl Bitcoin accepted/exchangeable into any currency on the planet, or hold it in the ‘world’s reserve currency’ backed by a government that is 21 Trillion in debt... I’ll take my chances in the asset the bank’s claim holds no ‘intrinsic value’ 😂
The current intrinsic or real value of Bitcoin is $7329.35. This number is calculated using Austrian Economics which takes into account the supply of money, the amount of money supply lost, as well as the velocity of money which indicates how much value was exchanged.
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