Where does #bitcoin stand ?
#askNostr
We don't even know if it is digital gold or a payments network ..like one run by Visa or MasterCard.. really .. what a lowly goal !
Discussion
We don't really know what anything's worth though, not really. It might well turn out the rarest thing in the universe is actually water.
From the cosmology I've read lately it's certainly starting to look that way, and water is sold everywhere, far more readily than gold.
I actually think it's no value that matters. It's belief. The usd isn't the reserve currency because it's more valuable. It's because people believe in its stability.
My hypothesis maybe be tested in the near future. That would be interesting.
There is no official reserve currency.. if two states trade a lot on bilateral basis .. they hold each other's currency ..and settle in local currencies .. Dollar is useful cuz most nations trade with US and have surplus dollars available because of trade deficits !
I knew I'd regret that illustration point. I thought of a better one after, that gold is the standard because it has the right level of rarity. Rhodium is too rare and copper is too common etc.
There's no real point editing your posts here though because you never know which version a relay will pick up anyway. That's kind of a weakness and a strength, as well as taking me even further from my original point :)
