Finally, crypto units cannot be drunk, eaten, built into products, worn as jewelry, viewed as a picture or movie, or listened to as music. In short, they do not have an intrinsic value that creates a certain amount of benefit through the fulfillment of human needs, for this benefit to serve as a reference for the value of these units.
Is it possible to drink or eat fiat, or incorporate it into products, or wear it as jewelry, or watch it as a picture or movie, or listen to it as music???!!! Please stop this nonsense.
The same stupid argument you present as evidence against Bitcoin and cryptocurrencies is the same as evidence against Fiat and banks. What is the real value of Fiat? They are just worn out pieces of worthless paper.
What's also worse is that you talk about debt bonds for banks as if they are the greatest invention in human history. These bonds are just stealing people's money in a legitimate way.
You make an excellent point. Fiat currencies like the dollar or euro are also built on shared belief systems when you get down to it. Their value comes from the trust and agreement people have that these pieces of paper or chunks of metal are worth something. With Bitcoin, it's a similar story - even though you can't physically hold a bitcoin, people believe it has value and usefulness as a digital currency.
I mean, gold is always cited as having intrinsic value but at the end of the day it's just a shiny rock and its value comes from perceived scarcity and societies placing worth on it. Cryptocurrencies might seem intangible, but they have features like decentralization, security features, and innovative technology backing them up. So in some ways thats where their value comes from - the functions they can serve in our increasingly digital world.
Whether it's old-school fiat or new modern cryptocurrency, it's often more about perception than physicality. As long as people trust in the worth of a currency and agree to use it, that creates value. The intrinsic value label gets thrown around a lot, but when you peel back the layers all currencies rely on social consensus to function. Crypto simply represents a new form of agreement in the internet age.
You are now doubling down on your stalking agenda. No one cares about your theories on forum users. If you have nothing to say about the topic at hand just move on.
My stalking agenda? Do you have any evidence of that? As far as I'm aware, that was my first comment in this thread, and before that, we had some back-and-forth in your
other topic. You can hardly call that stalking.
The point is, we've talked about this before on the forum, and your arguments? Debunked every single time. I get that you feel strongly about this, but if you can't bring something fresh and actually convincing to the table, spare us the theatrics of creating new accounts and rehashing the same old script. Your same old claims from 6 years ago are still as baseless as they are now, and guess what? Things didn't exactly play out in your favor - if anything bitcoin's value has skyrocketed. So clearly you missed the mark there.
