Bitcoin is a product of the environment we live in, for some there are references to it that matter, for others BTC is not reality and more so evil. Is BTC anymore evil than holding dollars in your pocket that you will not spend? Hodl value is akin to the properties of holding cash. With no purpose behind holding the cash a person would not hold cash, but money has purpose even if there is nothing to buy. Buying is figurative value where a conversion takes place between the property of the original cash and the newly found material item(s). Though the cash holds a stronger replacement for value than any single item of material value because to buy means to immediate lose re-sellable value. I can buy a pair of pants but if I wear them even once they are not brand new and cannot be returned or resold as such. If BTC is a product of the environment, what environments occur where BTC holds no value? When value is determined for value sake than value is indeterminate therefore the meaning of the value is not dependent to any one aspect of spending or savings. Fire a bunch of people from their job, does their value return to becoming pure cash or was it a daydream that some people believed to suspend payment of workers in order to recover what was believed to be lost. Animated imaginations create cryptocurrency to a degree that reaches a mass audience of people that do not actually like investing through memes. Bitcoin will never be a meme and will remain a digital historical monument throughout time which represents the before the story went crazy with fanciful ideas that may or may not have gone anywhere …
Related Posts
Bitcoin and Ether Lead Crypto Recovery Ahead of Weekly Options Expiry
Bitcoin has surged 3.9% at $20,626, and Ether is up 5.8% at $1,108 ahead of Friday’s weekly options…
B.C. court grants production order to man defrauded out of $26 million in bitcoin
VANCOUVER — A B.C. Supreme Court judge has granted production orders to name cryptocurrency account holders to a…
Daily Market Update
U.S. Futures and European Stocks Show Modest Gains U.S. futures for the S&P 500 and Dow Jones Industrial…
Volvo Partners with CRH to Drive Net-Zero Innovations in Construction
Volvo, the Swedish truck maker, has recently entered into an agreement with CRH, an Irish building-materials supplier, in…