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Or is it similar to gold in that it’ll be an effective medium to retain monetary value if there is volatility and so the value of BTC would be similar to a commodity and move in tandem/contrast with the strength of fiat currency?
The way I understand it is that the BTC blockchain is extremely difficult to maintain and is a huge environmental drain. Also, it’s ineffective for small payments so those transfers don’t get as quickly prioritized as large value payments by the miners, which is why BTC has various forks such as cash.