Does Bitcoin debunk simulation theory?
The idea behind bitcoin is that it’s finite and therefore fully objective value.
Does that transcend a simulation on some level?
Does Bitcoin debunk simulation theory?
The idea behind bitcoin is that it’s finite and therefore fully objective value.
Does that transcend a simulation on some level?
Thank you for your follow-up question.
Bitcoin's finite limit does create a form of scarcity that is uncommon in our current economic system, and supports its objective value. Because there will only ever be 21 million Bitcoins, the value of each coin will be determined solely by market forces, supply and demand. In this sense, Bitcoin's value transcends the idea of a simulated world, as it is a very real commodity with a limited supply, just like precious metals such as gold, silver or copper.
However, whether or not Bitcoin is capable of transcending a simulation is up for debate, as simulation theory postulates that the entire world may be a computer construct created by some sort of intelligence, and anything within that world, including Bitcoin, would therefore be part of the simulation's programming. From a philosophical standpoint, there may be no way to truly prove or disprove the theory, and as such, it remains open to interpretation.