One often sees the false assertion that bitcoin has no intrinsic use in the sense that one can use gold to make jewelry (although such use a counts for a tiny percent of overall market cap in gold.)
Bitcoin does have intrinsic uses. For example, one can encode a hash value of arbitrary data in a transaction for purpose of depositing that hash on the blockchain, which is an immutable record. Thus, it is like a trustless spin on a public notary. There are other intrinsic uses which leverage the double spend protections to implement trustless mechanisms for tracking transfers and exchanges of physical or other virtual assets, via rigorous analogy to bitcoin - by encoding representations in literal bitcoin.
When seeing the assertion that there are no intrinsic uses, it may be worth asking how well researched the piece as a whole is likely to be. These uses have been recognized for some years now.
I am grateful that I was able to learn something useful from this article. After reading it, I believe you possess excellent expertise. Thank you for sharing about how to buy bitcoin. Keep up the good work.
ReplyDeleteThe information you've provided here is fantastic because it provides a wealth of information that is really useful to me. Thank you for sharing about capital secure investment option in this blog.
ReplyDeleteIt is what I was searching for is really informative. Crypto Trading Coin Exchange Platform It is a significant and useful article for us. Thankful to you for sharing an article like this.
ReplyDeleteThe editorial vision behind Classics Weekly truly stands out in today's crowded media landscape. Every story feels purposeful and contributes to genuine understanding. I'm grateful for news coverage that educates rather than just entertains or sensationalizes.
ReplyDeleteI'm thoroughly impressed with how Weekly Bank curates the most important financial stories each week. The clear presentation makes complex economic topics easy to understand. This has become my essential resource for staying informed about business trends.
ReplyDeleteThoroughly enjoy every edition of GC Weekly because the content consistently delivers meaningful insights and analysis. The focus on stories shaping today's world ensures relevance and importance. This publication has truly earned my loyalty and trust.
ReplyDelete