#bitcoin ‘s use-value is all the created value in the entire world.
It’s exchange-value “price” is diminimus to that.
So to the extent exchange-value exceeds use-value, it’s not a bubble at all.
In fact, it’s more like a black hole or something subsuming created value.
Price is temporary. The space broadly thinks of Bitcoin through the lens of fiat and not energy (joules) and thermodynamic transformations.
It is a literal black hole/event horizon for Kelvin to enter, but it’s partitioned away from further transformations due to conservation. The conserved entropy can be exchanged internally within the network itself, but it can never leave.
Never before have we had a substrate of immutable information permanently immune to entropy. I don’t think we even understand what value is, let alone Bitcoin. All things intersect in the quantum ledger.
🤯
