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Someone just burned $8 million of bitcoin
(protos.com)
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this post was submitted on 26 May 2026
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There are different kinds of value. Houses indeed have more use value than a bitcoin which only has exchange value and whose use is entirely in exchange. NFTs and smart contracts were a failed attempt at adding use value to crypto.
The numerical money value of commodities and real property is historically dependent, whereas the use value of a house is vital and inflexible.
No, bitcoin can be sent to anyone anywhere in the world in about 10 minutes. So despite your claims bitcoin isn’t worthless. Housing value is inflexible? That doesn’t make any sense in the slightest. We can certainly live in a house but it’s purchase price is untethered from that fact.
You start with insults so I’m not going to read whatever is you wrote after that.
Fair enough, just having a bit of fun