> Understanding the trend towards Bitcoin usage is less in
understanding the caveats developer Amir Takki employs:
i.e. “a pure form of money with a mathematical basis,” and
more about the social behaviours of those playing the
system, those employing the mechanics of scarcity for
leverage.
Ugh, I hate these sort of comments. It's as if bitcoin is only an exercise in speculate supply and demand. People, there is a huge network and protocol that's behind this thing! It's not just about the currency everyone's trading, it's about the underlying network! There's a distributed registry that anyone can look up. There's a source of truth for every single bitcoin (and future uses thereof) in existence. There's a reason network difficulty trends with price.
No, bitcoin is NOT just a bunch of traders trading and no, that's not what's going to give you an understanding bitcoin. That's like saying that understanding how a computer works is just by watching the monitor. There's an underlying fundamental, dare I say, intrinsic value to bitcoin that gets ignored by almost everyone fixated on bitcoin the currency's price when the real interesting thing is in bitcoin the protocol.