Absolutely, people "holding" Bitcoin derive value from the network's popularity, but in the same way they will become worthless when the network ends. Since there's nothing scarce about networks (protocol + hardware + people joining it), there's nothing everlasting about Bitcoin. Same for the USD and all other fiat, as every one ends after a few hundred years. Some Bitcoiners try to call it digital gold, but gold's value has lasted through civilization after civilization.
Absolutely, people "holding" Bitcoin derive value from the network's popularity, but in the same way they will become worthless when the network ends. Since there's nothing scarce about networks (protocol + hardware + people joining it), there's nothing everlasting about Bitcoin. Same for the USD and all other fiat, as every one ends after a few hundred years. Some Bitcoiners try to call it digital gold, but gold's value has lasted through civilization after civilization.
(post is archived)