I respect Adam Back's work, he is a great cryptographer and one of the original cypherpunks, but when he talks about the price of Bitcoin he only says bullshit that creates false expectations.
Valuing a scarce asset against an infinite currency has no basis and makes no sense.
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how would you value it?
Circular economies. Price discovery. The value of Bitcoin within groups of like-minded individuals is significantly higher than current fiat price.
I'm also not claiming I make any sense 😉
