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@ Dan
2025-03-03 22:30:10
The basic notion, that "value" is personal and purely psychological is right on. The second notion of mass adoption being needed for something to be a currency is right on.
Bitcoin is used as a currency in very few venues. The Dollar is THE predominant currency of the world. The dollar is of course, backed by nothing but mass use, and psychology.
The dollar actually got it start with it's backing by Gold, for witch it now has none.
Gold is not a currency. Gold is a "hard" and tangible asset. Bitcoin, like gold, is also an "asset" not a currency, and Bitcoin is the first mathematically, electronically, and psychologically, proven digital asset.
Most of Trumps cabinet are huge into bitcoin for a very strategic reasons based on it properties OTHER than being a currency. All those arguments are best explained in the book "Softwar" by, Jason Lowery..
https://m.primal.net/PGGN.jpg