BSV has many price impeding features, many being consequential and subjective.
Good point
@kyuupichan,
price is interesting, it's the metric for measuring demand, and that demand is often conflated with value. The value is what you get, and the price is what you pay.
Ultimately none of the utility justifies the price people are willing to pay for any crypto, asset, cash or whatever you want to call it. The price is fundamentally determined by speculation and a network effect. The network is the number of people who believe as you believe. Evidently, money is dependant on the belief too, one that it will be valued in the future, that's an early hypothesis from this thread and probably why most of us invested in Bitcoin.
I'm of the opinion that at some point in the distant future people are only going to pay for the utility they get and I don't think limiting transaction capacity is going to allow people to collectively believe in the money vision.
A side note for all the LN @ Layer 2 proponents, The bitcoin design is dependant on PoW, and PoW isn't free. In the future, and by design, it will be paid for with transaction fees, and unlikely $10,000 fees, but more likely a large number of insignificant transaction fees paid by everyone. BTC cultists overlook this fundamental facts inherent to the design.
Limiting access makes BTC exclusive. BSV, on the other hand, is one version of Bitcoin that scales, and to be money it needs 13.5% of an economy to believe in it, in order to cross the adoption chasm in the technology adoption cycle.
That said, Bitcoin's design is so ingenious and resilient it just keeps bubbling up over and over, unlike any other asset that's gone through a hype cycle. What's being traded in each comeback is ultimately a small part of the block reward subsidy for a proportionately larger network effect.
The way I see the BSV price is every 6.25 BSV pays for 10 minutes of mining, and we have a lot of hours of mining to bridge before we get to the other side of the speculative "who cares what PoW costs" when we have Blockstream's Liquid, or LN, ready for prime time in 18 months.
