Damus
vinney...axkl · 56w
I find it both deeply poetic and kind of alarming that from the perspective of Mises's regression theorum, the utility value of Bitcoin is its ability to function as superior money - and this utility ...
Pawn Dev profile picture
The utility value of bitcoin could also be described in broader terms. The transfer of information in a descentralized, permissionless and secure way. This would mitigate the redundancy. Technicaly speaking, "being superior money" derives from this characteristic that is more fundamental.
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vinney...axkl · 56w
agreed. network-wide hashrate, broad consensus on timestamps, bounded by energy, verifiability of arbitrary data, etc etc - there are a lot of secondary utlities. I do believe they're secondary, though.