Bitcoin on-chain analysis, mining analysis, macro analysis; overview of 3/4/23-3/10/23
Love bitcoin, got my own keys, learned how to program it, and see the usefulness for humanity.
But I have a problem with the apparent lack of intrinsic value of bitcoin. This is the only advantage gold seems to have over bitcoin.I heard some people saying that the network has a value by the service it provides, so that it somehow gives a value to bitcoin.The service provided by the network is the transfer and conservation of a store of value, but for the network to have a value, bitcoin needs to have a value.Otherwise the network value would be a collective illusion.
Michael Saylor is speaking about the big bang of digital energy. But what can you build with that energy?With steel, you can build skyscrapers, but what can you build with bitcoin?
Hopefully someone has already answered those questions and you would be able to point me in the right direction.