Like land, BTC can't be depreciated as most commercial assets.
Both land and BTC have a *perfectly inelastic* supply, meaning increased demand for either does NOT lead to an increased supply.
thevin on Nostr: 3/ Though, for argument's sake, let's say bitcoin closest resembles land. Like land, ...
3/ Though, for argument's sake, let's say bitcoin closest resembles land.
Like land, BTC can't be depreciated as most commercial assets.
Both land and BTC have a *perfectly inelastic* supply, meaning increased demand for either does NOT lead to an increased supply.
Like land, BTC can't be depreciated as most commercial assets.
Both land and BTC have a *perfectly inelastic* supply, meaning increased demand for either does NOT lead to an increased supply.