Bitcoin’s Success Depends On Faith
Faith sustains the price of bitcoin in the same way it sustains the price of other asset classes.As Tesla buys $1.5 billion in bitcoin, BNY Mellon expands custodial services to include bitcoin and crypto assets and Mastercard follows Visa and PayPal in facilitating cryptocurrency transactions, the bitcoin price has reached record highs — yet again — breaking over $61,000. Once again in the spotlight, bitcoin has reignited arguments over the reasons for its eventual rise or fall. Such arguments frequently proceed from data, facts or other material “realities.” We contend that a thorough....
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If there were a set of rules such that the people who followed them were rewarded in a way that increased with the total number of followers, then each person involved has the incentive to bring more in, and furthermore can expect everyone else involved to do the same. Regardless of any other merits the rules have, the mere prospect of rewards will make success more likely for them. I suggest that Bitcoin works like this. Yes, Bitcoin is a great as a payment system and so on, but I think its value as an investment prospect should be taken more seriously. If Bitcoin succeeds, then obviously....
Saint Bitcoin joins “Meet The Taco Plebs” to discuss his rabbit hole journey, faith and monetary truth. The post Interview: Faith In Bitcoin With Saint Bitcoin appeared first on Bitcoin Magazine.
Over the years, Faith Connexion has been a trendsetter in fashion, creating thousands of street-wear garments seen on a number of A-List celebrities. With a style described as chic rock, edgy glamour or street couture, the brand’s clothing is sought by celebrities and trendsetters alike. This is because Faith Connexion stands out from the mainstream, representing an eclectic yet practical wardrobe for people who seek to showcase their individuality. It was only a matter of time that a brand as innovative and creative as Faith Connexion launches its own NFT, under the name Faith Tribe.....
One’s opinion on the value of bitcoin depends on one’s definition of value, as it is with anything.
Bitcoin has so far enjoyed a good amount of success these past years, and so it is not surprising that investors want to continue to believe that the digital asset will continue its growth spurt. But what could very well be faith in the market might also be a denial of the obvious, which is […]