01-03-2025, 03:59 AM
(01-03-2025, 03:11 AM)freddie Wrote: They don't? Lmao
Each BTC buyer is just hoping to resell it, but that "infinite chain of resellers" can't instill value.
My analogy for it is writing the following on the blackboard, and hoping to get a result above zero:
"0 x 0 x 0 x 0 x 0 x 0 x 0 x..."
Imagine if the person writing the zeroes reasoned: "I know they are zeros, but I figure, I plan to write a whole shitton of them. Eventually it will have to equal more than zero, just due to sheer volume."
For the same reason, the explanation: "No one knows what BTC's for, but they keep reselling it, so it'll have to work," is wrong.
