People want to have it (BTC), for hope, greed, price, diversity, etc. There is something to be said about that.
Why do people pay for gold? If it were for just gold’s application in industry it would be worth very little.
I think the demand in the market is what drives the price. For now there is demand enough to set the price where it is. Logic and standard currency features mean nothing.
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This is the point I could never understand, because in any other industry, if something is old and outdated, it gets replaced does it not?
Yes, it is replaced for various functions by alts already. But unlike old and outdated industry, cryptos can be developed further and new life can be coded into them.
You know I was wondering about this, could they actually upgrade Bitcoin to increase its transaction speeds without the aid of lightning?
I’m still using floppy drives brother, I have no clue
Hey man, they still work, so why not.