2 ms·
What are you talking about? We can wear gold, make weapons out of iron, cups out of copper… coins have both a fiat face value and real tangible value (the “floo
by losteric 2y ago
What are you talking about? We can wear gold, make weapons out of iron, cups out of copper… coins have both a fiat face value and real tangible value (the “floor”).
Bitcoin has no intrinsic value. It’s entirely belief.
That’s not a bad thing. MLMs can be very profitable, some turn into multi-generational institutions of faith.
I own bitcoin because it’s like buying a share of the Mormon church early on. Absolutely, do it! But comparing it with gold? Come on, be real.
- sgregnt 2y agoBitcoin physical value is that, one way or the other, billions of humans got atoms in their brains, arrange in such a way that they recognize bitcoins, and have a certain understanding of it's setup... this is a lot of atoms, and is no small fit.
- losteric 2y agoYou're describing the belief value.
- henry_bone 2y ago[flagged]