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RE: CRYPTO AND BITCOIN THOUGHTS - JAMIE DIMON IS A CUNT EDITION
Can tulips be transferred, instantly, anywhere around the world within seconds?
Can tulips be transferred, instantly, anywhere around the world within seconds?
No... But do Bitcoins look and smell pretty? :P
The idea Bitcoin can't be an asset because it lacks "intrinsic value" is absurd for this very reason. The "intrinsic value" of one bitcoin is
1/(21*10^6)*XwhereXis the value of the payment network that the btc tokens are part of. Unfortunately, knowing that doesn't change the lengthy price discovery process ahead of us.