monikaco on Nostr: Bitcoin becomes money through individual valuation and voluntary exchange. Its value ...

Bitcoin becomes money through individual valuation and voluntary exchange. Its value emerges because individuals choose to hold it, use it, and trust the rules that make it scarce and transferable.

What happens when security problems keep resurfacing? Forks reemerge. More of its ecosystem becomes even more centralized, and even mining infrastructure starts moving towards AI because the incentives are stronger there.

Does that eventually change the value we assign to Bitcoin as vulnerabilities expand?

Yes, price can keep going up and down. It is worth looking at whether the qualities that made Bitcoin viable in the first place are staying intact. Do they matter?

Does the integrity of the network determine price, or can price itself begin to influence the integrity of the network?

Where do I stand? Nice question to ask oneself.