RE: Does mining have a future?29 Jun 2023 11:47
"What's actually being valued in such cases, more so than the quality of the art itself, is the scarcity of that art - because the artist is dead and can no longer produce any more of it. Bitcoin is a digital version of that same scarcity."
BCD, if I may join in with this discussion - the scarcity element is one of the key reasons I do not invest in Bitcoin. Bitcoin may be the most known cryptocurrency, but although there is a limited amount of Bitcoin, there is no limit to the amount of crypto. The speed and quantity of new currencies for me negate the scarcity argument. It's not for me, although I have no issues with others investing in whatever they want. We're all here to make money etc.