bItCoIn iS nOt BaCkEd By AnYtHiNg 🤡
It's backed by the energy needed to produce it. This acts effectively as a floor for price.
https://en.macromicro.me/charts/29435/bitcoin-production-total-cost
bItCoIn iS nOt BaCkEd By AnYtHiNg 🤡
It's backed by the energy needed to produce it. This acts effectively as a floor for price.
https://en.macromicro.me/charts/29435/bitcoin-production-total-cost
Nah. Labor theory of value is not it. It’s backed by the soundness of its monetary principles. 21 million and tick tock next block. Miners are a symptom of that
