Thank god that idiotic idea never happened. The consequences would have made the modern world of telecommunications impossible
Think about what you actually own in regards to bitcoin.
It's a UTXO; unspent TEXT output. It's all just words on a public ledger. First amendment covers freedom of speech.
I'm gonna say it... the constitution failed. We should have stuck with the articles of confederation.
People who make that argument are big floppy vaginas.
Life is volatility.
Didn't Wyclef steal a whole bunch of money from a Haitian charity about a decade ago?
The wide usability is the value... if that value becomes monetary is based on it's scarcity. English has tremendous value due to it's network effects, but zero monetary value because it lacks scarcity
Metcalfe Law does have it's limits... it is more a rule of thumb as all users are not created equal, and OG users are far more likely to be engaged and contribute than the noobs and lurkers
Money is a messaging system... Metcalfe Law describes the number of unique possible connections in a messaging system is the square of the messaging participants. Communicating value is the point of money (that's its value proposition), so the value is proportional to the number of participants that can communicate with each other. That is the square of the participants... exponential
Hit me with it Captain... you are making the argument that networks don't gain value with additional users?