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> The only place in the universe where you can get bitcoin is on Earth The only place you can get the US Dollar is on Earth. The only place you can get Beanie

> The only place in the universe where you can get bitcoin is on Earth The only place you can get the US Dollar is on Earth. The only place you can get Beanie Babies, Hummels, Pogs, <pick-your-fad> is on Earth. As a standalone argument, this carries no weight. > so it has scarcity and historical significance, making it, at a minimum, a valuable collectible A collectible, sure, for people who care to collect it. Whether or not it's valuable will be determined by the market, not just blind belief that the value is there. Throughout history, civilizations have found any number of things to act as a proxy for value. Pebbles, seashells, necklaces, pieces of metal, glass, and so on. But in order for such inanimate items to hold value, everyone must agree that they're valuable. The current upheavals in crypto are certainly calling this into question for everyone involved, especially those who have lost their life savings on shiny pebbles.

SideburnsOfDoom 4y ago
IDK, they have surely heard these arguments before by now, if they haven't understood them yet, why would they start now? The idea that "this one blockchain has uniqueness value, and the rest don't, this is the only one that does" is just more faith-based bollocks. They're all equally without any intrinsic value. "thoughtfulness" won't help you if you haven't thought it through. Parent's statement that "The only place in the universe where you can get bitcoin is on Earth... bitcoin was the first" is also not provably true. What if Aliens arrived and said "we've had our sacred blockchain for centuries, yours is the valueless knockoff, buy ours!" ? They'd be right about the valueless part, but we'd see no value in theirs either. Pretending otherwise is egocentric babbling not thought.