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## Why Does Bitcoin Have Value?

*Jeffrey A. Tucker

– December 2, 2020*

This is possibly one of the best articles I've seen explaining how bitcoin went from having $0 value on Jan 9, 2009 to becoming money. Written December 2020, just before it went on an all mighty tear.

*Bitcoin’s value obtains from its underlying technology, which is an open-source ledger that keeps track of ownership rights and permits the transfer of these rights. Bitcoin managed to bundle its unit of account with a payment system that lives on the ledger. That’s its innovation and why it obtained a value and that value continues to rise.*

https://www.aier.org/article/why-does-bitcoin-have-value/

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Discussion

PringleMac 2y ago

I love Jefferey Tucker! 🙌

Brisket 2y ago

It filled some holes in my understanding of Bitcoin value from the 'what is it backed by?' side.

I still like the Stone of Jordan rings explanation of a currency acquiring value.

##Bitcoin Is Digital Scarcity

https://dergigi.com/2022/10/02/bitcoin-is-digital-scarcity/

Rich Nost 2y ago

Didn't this fuckstick shill Dash for years?

Brisket 2y ago

I don't know what his story is. Seems he has an Austrian econ background & got bitcoin pretty early. He was bullish on shitcoins in the previous cycle (up to 2018) & rejected the maxis narratives. Not sure if tweets were deleted.

Most of his articles are around rejecting the COVID narratives, lockdowns, etc. His stance on COVID was pretty consistent from the start.

Rich Nost 2y ago

The guy has been couch surfing every libertarian happening since at least Ron Paul. Look at him. He literally wears a costume. He is ridiculous.

Discovering Bitcoin 🔶👀 2y ago

Discover Bitcoin's value 🔶👀

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bob 2y ago

Bitcoin's value comes from the commerce that it enables. The same as any other currency.