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sean pfp
sean
@swabbie.eth
people and even businesses can fool people into thinking they create value from nothing, but governments ultimately cannot. they are too big. bitcoin at the governmental level does not add value, does not increase tangible commodity production, and does not increase energy generation for productive use. humans are physical beings and real value ultimately lies in the physical world, where we must be sustained. buying bitcoin would only increase the transfer of wealth. smart-contract blockchains on the other hand have the potential of adding value through their programmability by providing efficiency to real-world, value-adding, physical productivity.
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Ta'Veren.base đź”· pfp
Ta'Veren.base đź”·
@chaoticus
I agree that velocity of crypto (day-to-day use crypto products) is essential to its value. Smart contracts, programmability, real-world use, DePIN, etc will be huge drivers (not an all-inclusive list). I think governments (and big corporations) that accumulate/hoard/hodl crypto (BTC, others) does add value if only by showing confidence, bringing more eyes, and reducing available supply (also not an all-inclusive list). By buying BTC, the government is essentially defining it as a valuable asset. Either way I'm bullish on BTC, smart-contract crypto platforms, and crypto as a whole.
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