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Yes you can frame and admire a digital token, or rather the address holding the funds. Gold's value has nothing to do with its utility. I don't get your peopl

Yes you can frame and admire a digital token, or rather the address holding the funds. Gold's value has nothing to do with its utility. I don't get your people's arguments. You keep repeating "a digital asset can't have real value" when the last 10 years have proven you wrong. You fool!

nexthash 6y ago
So you pay $40k+ for bitcoin just so you can frame some numbers and letters and say you paid $40k+ for those numbers and letters? Gold's value comes from the fact that it doesn't dull or dim over time, and has many uses in the electronics and jewelry industries. If you have the resources to get gold and own it, that is a clear sign of status and value. Can't say the same with crypto for any counts. All of crypto's value comes from speculation. Over the last 10 years, I've seen the same tired drum beat, that 'crypto is valuable because of decentralization, supply regulation, and censorship resistance' but these are so vapid and completely different from reality and what people actually need. There is no convenience, no government backing, and no trust. So the only people using these fake tokens are disreputables and hedge funds/speculators looking to exploit and get fun returns.
- efwfwef 6y ago
  No, Gold value comes from the fact that we all agreed that it should have a value, and it's scarce. Same for Bitcoin. And yes you can parade the fact that you own a bitcoin address, this is after all probably the only reason most people know about Craig S. Wright > There is no convenience, no government backing, and no trust convenience is in stablecoins, government backing is in CBDC, trust is anchored at the foundation of any cryptocurrency project... Let me put it this way: as long as people will find ways to do things with Bitcoin (remittances, darkmarket, etc.) that they couldn't do with Gold or USD or whatever, then it'll have value. 40k of value? I don't know, but it will still have value.
  - nexthash 6y ago
    A little bit of value. But as a decentralized utopian panacea? Nope. If I was given the choice between a Bitcoin and a bar of gold, I'd definitely take the bar of gold.
    - efwfwef 6y ago
      Do you know what is actually worth more NOW? Because what matters is really what is worth more NOW.

nexthash 6y ago

So you pay $40k+ for bitcoin just so you can frame some numbers and letters and say you paid $40k+ for those numbers and letters? Gold's value comes from the fact that it doesn't dull or dim over time, and has many uses in the electronics and jewelry industries. If you have the resources to get gold and own it, that is a clear sign of status and value. Can't say the same with crypto for any counts. All of crypto's value comes from speculation. Over the last 10 years, I've seen the same tired drum beat, that 'crypto is valuable because of decentralization, supply regulation, and censorship resistance' but these are so vapid and completely different from reality and what people actually need. There is no convenience, no government backing, and no trust. So the only people using these fake tokens are disreputables and hedge funds/speculators looking to exploit and get fun returns.

efwfwef 6y ago
No, Gold value comes from the fact that we all agreed that it should have a value, and it's scarce. Same for Bitcoin. And yes you can parade the fact that you own a bitcoin address, this is after all probably the only reason most people know about Craig S. Wright > There is no convenience, no government backing, and no trust convenience is in stablecoins, government backing is in CBDC, trust is anchored at the foundation of any cryptocurrency project... Let me put it this way: as long as people will find ways to do things with Bitcoin (remittances, darkmarket, etc.) that they couldn't do with Gold or USD or whatever, then it'll have value. 40k of value? I don't know, but it will still have value.
- nexthash 6y ago
  A little bit of value. But as a decentralized utopian panacea? Nope. If I was given the choice between a Bitcoin and a bar of gold, I'd definitely take the bar of gold.
  - efwfwef 6y ago
    Do you know what is actually worth more NOW? Because what matters is really what is worth more NOW.