It's those things that give rise to Bitcoin's network effect. Another benefit: it is the centerpiece and reserve asset of the crypto-asset ecosystem, which is much, much more robust that the legacy system. A crash like the one during the last couple of weeks would've crippled the legacy system and forced central banks to print uncontrollably and governments to loot tax payers again.
The crypto ecosystem is extremely robust. Its capacity for self-healing is very impressive and there are few moral hazards built into it. In this crash, the losses were all suffered by over-leveraged and careless investors who did not do their research. No one else lost anything. In contrast, the legacy crap we have for a financial system is a fragile piece of shit feeding into corruption and degeneracy wherever its tentacles reach.
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Hey mate,
An excellent contribution to the topic of what gives Bitcoin value! :)
Do you mind if I use this contribution inside the final version of the Bitcoin guide?
While you're here, I'd love for you to publish an original blog using one of the subheadings in that Bitcoin guide template featuring a single link across to that page.
I'll then edit and publish the content on the Crypto Guides account and transfer all rewards to contributors.
You obviously know what you're talking about and would love to help pay for your trouble with a share of the rewards and upvotes.
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Sure, go ahead and use it but you might want to go easier on the expletives. :)
I'll see what I can do regarding the Bitcoin Guide. I have stuff to do at work.
Posted Using LeoFinance Beta