Post
Topic
Board Bitcoin Discussion
Re: What is the nature of the value of Bitcoin?
by
EvieLannister
on 16/08/2021, 03:26:55 UTC
Bitcoin's price comes from its value, while the value of Bitcoin is from its use.
From a commodity perspective, Bitcoin value support originates from mining costs, and bitcoin are not generated, but it costs huge cost excavation output. At present, the cost of each Bitcoin has already reached tens of thousands of dollars.
From the perspective of the currency, the Bitcoin value support is from the consensus.
Each of the Bitcoin is actually recognized by all miners throughout the network, which is a consensus mechanism formed between miners.