"The best way to understand the value of Bitcoin is to think of other
core internet resources that have a limited supply.
Domain names give you the ability to host a website IP addresses give
you the ability to connect a computer to the internet Bitcoin gives you
the ability to send payments, property, and contracts anywhere in the
world instantly and reliably
There are markets for domain names and IP addresses. The prices tend to
correlate to how useful people find those resources. Long term, if
Bitcoin gains widespread adoption, I'd expect the Bitcoin price to
correlate to how useful people think sending payments, property and
contracts anywhere in the world instantly and reliably is. Personally I
think this could be more useful than wearing jewelry, but maybe that's
just me."
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