Bitcoin is an extension of fiat working itself out - the unbalanced remainder being swept into a new variable
Fiat attempts to replace material value with accounting
Bitcoin offers a more fair, more perfect version of immaterial accounting
Bitcoin is the Platonic ideal of currency
As opposed to an Aristotelian (particular and material) concept of money
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Yeah but what the value is against , all economist classify the Bitcoin as a speculative bubble, if you look when Elon musk start a relying it to Tesla it went up to 45k$ and then he stopped and the Bitcoin crashes to 19k$ so this is a very volatile “currency” that is based on popular opinion of it it seems. Technology behind Bitcoin is amazing. My wonder is what is the value based on despite speculative intention of people and company as the stock market was back in the20s / 80s.
From what you said above still seems like a speculative bubble rather than a “currency”used to buy good. So is the value of Bitcoin only reside in the people who believe in it at the end?
