Re:Crypto’s Final Price Could Be Zero
by D13Fd on Tuesday November 29, 2022 @04:28PM
(#33793574)
This is all in the context of Buffet's quote, where one person owns all of the Bitcoin in the world at the same time.
In that situation, there is no scarce resource that has value. People can create as many new cryptocurrencies as they want. The fact that you happen to own all of the one called Bitcoin is meaningless.
In that situation, there is no scarce resource that has value. People can create as many new cryptocurrencies as they want. The fact that you happen to own all of the one called Bitcoin is meaningless.