Dr. Julian Hosp|11月 17, 2025 06:51
The shocking part is how little educated many Bitcoiners are, albeit being super opinionated.
So, here Basic Economics:
Value = Utility * People * Rarity
Since it is a multiplication, if 1 factor is 0, value is 0.
Bitcoin has 0 Utility -> zero value. Other factor with people and rarity don't matter anymore.
Gold: ok utility (eletronics, jewlery, industrial, etc.) and is used by literally everyone on this planet and has strong rarity -> strong value
Plastic: strong utility, very little rarity -> very little value
Beautiful quote by Mark Twain in that context:
"It ain't what you don't know that gets you into trouble, it is what you know for sure that will."(Dr. Julian Hosp)
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