Hanshan on nostr

Open in Damus

Price is a signal. Purchasing power matters. To ignore that is to ignore the fundamental purpose of Bitcoin. Bitcoin has more purchasing power than BCH and more security and more adoption. It won.

Hanshan @Hanshan 1771086362

Price IS a signal
its a signal of how much speculative Wall Street and VC money feels Bitcoin is a better safe haven than the other options.

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this is not a metric I particularly care about.

Bitcoins invention is a response to debasement. If the purchasing power doesn’t out strip that debasement it isn’t doing its job. In this regard bch is a failure and bitcoin is generally a success.