Yes, assets such as gold can have some of these features too. But its hard to move around large amounts of value in gold across borders. And difficult to protect in self custody.
What other assets have some of the same features as bitcoin?
I suppose Bitcoin doesn't have value in terms of creating something physical. Gold silver can be used in producing physical products directly. So then bitcoin wont have value in this context. But it would be short sighted to think something only has value if it produces physical products.
What mstr is doing in producing yield would be creating value for bitcoin. But once again not direct.
Kind of feels like going round in circles in your head, asking whether bitcoin has value in the way you asking. Might be a pointless question. The affect bitcoin is having and will have is pretty clear.
I suppose Bitcoin is just code. So it might be better to compare Bitcoin to any piece of software. eg. Microsoft windows which runs because of code. What value does Microsoft operating system have? Based on how you asking the question, Microsoft operating system would also have no value, but its affect is quite opposite. How people interact with it is what creates the value. and what people can do because of it, is what creates the value. Bitcoin is the same.
Litecoin , Dogecoin have these exact same features too
Yes, true. But from picking the strongest network, security, hash, nodes, size of asset etc. Bitcoin is way in the lead.
Ive always liked Monero because of its privacy, but recent attack, exposes vulnerabilities of smaller crypto. If Monero was 10 or 100 times bigger, would the attack have had any affect?
Regardless, Monero survived, and has infact recovered quite well, which means a similar attack on Bitcoin (which I think is in many order magnitutdes more difficult so very unlikely). But if a similar attack did succeed on bitcoin, it would be for a brief time and very short lived. Monero survived, so Bitcoin would likely spring back even stronger.
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So first reviewing your answer, going directly comparing to gold, but omitting Bitcoins closest competitors such Litecoin and even the joke that is Dogecoin, which fundamentally are initially hard forks of original Bitcoin code, with a few additional property tweaks. However, they still have the exact same benefits and features as Bitcoin.
Reviewing your answer let’s say from a VC perspective, you may be a little closer to an answer. Alluding too that it’s the infrastructure that has developed around Bitcoin is where its true value lies .
That being said a similar infrastructure exists within these other assets.
Yeah true, the value of bitcoin is all about in the infastructure.
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