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To: aMorePerfectUnion

who says bitcoin has value?....isn’t this like the fed...printing paper money and saying “its valuable”....


12 posted on 03/30/2021 12:27:44 PM PDT by cherry (we are the Remnant)
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To: cherry
Here is an explanation of the intrinsic value of bitcoin...
17 posted on 03/30/2021 12:31:39 PM PDT by aMorePerfectUnion (I'd rather be anecdotally alive than scientifically dead...)
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To: cherry

The value it brings is in the immutable network.

The “tokens” are merely the markers on the network. The fact that it cannot be counterfeited gives it value.

We are in the very early stages of this. Very, very early.


30 posted on 03/30/2021 12:48:09 PM PDT by Vermont Lt
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To: cherry

Except it isn’t ‘printed’ and the sum-total of Bitcoin is fixed (actually like gold, a tiny fraction gets created as “payment” for the computational work.). You can’t have “inflation” like when the FED creates money from nothing.


55 posted on 03/30/2021 1:33:42 PM PDT by Tallguy
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To: cherry
who says bitcoin has value?.

Everyone who buys it.

The market is the best price finding mechanism ever created:

It is composed of the following buying bitcoin and other crypto:

Individuals,
banks,
insurance companies,
COUNTRIES.

58 posted on 03/30/2021 1:36:57 PM PDT by aMorePerfectUnion (I'd rather be anecdotally alive than scientifically dead...)
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