Re:It can all go to zero
by danhak on Tuesday January 16, 2018 @08:30PM
(#16164705)
> I'm not asserting that scarcity or effort alone create value, but without those two components you won't have value.
That's literally exactly what you asserted:
> The opposite of this is where Bitcoin derived it's value. First there is a fixed number of Bitcoin, so you can't simply make more past a point. Secondly, the effort required to mine Bitcoin increases over time.
That's literally exactly what you asserted:
> The opposite of this is where Bitcoin derived it's value. First there is a fixed number of Bitcoin, so you can't simply make more past a point. Secondly, the effort required to mine Bitcoin increases over time.