Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's value: From Network or Scarcity?
by
Darker45
on 18/12/2020, 01:43:28 UTC
I don't think you can make it linear. The design of Bitcoin is the very reason why it is of high demand. At least, everything starts from there. And by design, it includes its scarce nature and using a decentralized network. Scarcity and network don't follow either one of them. They're both there at the same time right from the start. It is not as if one becomes so valuable and the other consequently shared its value.

So I don't see a chicken and egg dilemma here. From the three aspects that you mentioned, I guess it would always be Scarcity & Network --> price.