the price of an asset (when the asset is the currency itself) is based on its economic activity. You said so yourself. The price is dictated by markets. By how much is bought and sold on markets. That is the definition of economic activity. Which part of that do you not understand?
the value of a cryptocurrency is based on its perceived value. Perceived value is based on market activity. If I keep sending money to myself it just shows up as market activity, with nobody being able to tell i sent money to myself.
gdp works this way too btw. I sell you $1 worth of stuff, you sell me $1 of stuff, nobody is any richer but gdp went up by $2. Except we can filter this kind of abuse out because it’s not anonymous.
it’s how crypto markets do. Since anonymity is a feature, any transactions will increase its value due to it being “used” more
lol crypto is worth jack shit. I can just keep sending the same money to myself and it would cause the price to go up…
god of war live service? wtf???
people don’t use bitcoin to pay for other stuff. people buy and sell bitcoin itself. The currency is the asset.