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All of those things have intrinsic value in that they bring people some measure of joy. Bitcoin, by comparison, brings people very little joy in and of itself (
by cmdli 6y ago
All of those things have intrinsic value in that they bring people some measure of joy. Bitcoin, by comparison, brings people very little joy in and of itself (you might argue it provides entertainment value, it certainly does for me).
Not saying Bitcoin is worthless; it's a currency and it has it's uses, which makes it worth something. However, I think the belief that "it's scarce, therefore its worth something" is a false one and leads a lot of people to speculate wildly on it.
- hntrader 6y ago"it's scarce, therefore its worth something" That's not the argument being made. My paintings are scarce but they're worthless. Lots and lots of scarce things are worthless, and rightfully so. "bring people some measure of joy." Right, so there's some aesthetic value there. Why can't BTC be like the Ancient Egyptian artefact that's valued purely on aesthetic grounds? I could plausibly see it as a historical artefact in 200 years time, given its novelty and role in tech history. I have an old stamp collection and some BTC, and I get much more pleasure from the crypto due to its novelty, role in culture, etc.
- catmanjan 6y agoArtefacts and stamps bring joy by being able to show your friends, maybe your friends like looking at your wallet, but mine wouldn't...
- smabie 6y agoMy BTC brings me joy.