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People used to say that “Bitcoin is based on nothing,” but that’s not true. The real value behind Bitcoin is its decentralization and recognition
People used to say that “Bitcoin based on nothing…” that its value is basically zero compared to fiat money or “limited” assets like gold. Bitcoin’s core value comes from its decentralization, its strictly limited supply, and the fact that the system actually known and works well in practice. The values like that are real. What…
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Formation of values of human creations
Why do people often value more highly the creations attributed to a single individual — sometimes even reforming and simplifying what was made by a group into the vision of one? Often the value forms itself under the image of one creator even if there was a team or any other complexity behind it –…