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The only value in bitcoin mining is bitcoin. The value of aluminium remains outside of speculation as it has inherent utility, while the value of bitcoin only c
by estaseuropano 6y ago
The only value in bitcoin mining is bitcoin. The value of aluminium remains outside of speculation as it has inherent utility, while the value of bitcoin only comes from speculation and a very very minimal use case as currency which has been solved hundreds of times in more coat effective ways (even with other crypto, but most importantly outside crypto).
- fastball 6y agoWhere has borderless money been solved more cost-effectively than Bitcoin outside of cryptocurrency? Have you done a study into how expensive existing fiat systems are, when all is said and done?
- Andrew_nenakhov 6y agoBut bitcoin has tremendous value. Just ask anyone who can't get bank account for some reason. Now you can transfer funds from abroad cheaper and faster than before.
- splintercell 6y agoNothing has inherent value, all value is subjective. This bad economic theory has been dismantled for over two centuries now. Replace inherent value with non-monetary value if that's what you mean.
- Gibbon1 6y agoNah. That's just and example of neoliberal economists trying to bury things they can't quantify while pretending to be a hard science.