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I still don't understand how a piece of rock could be worth anything. No really. How do some carbon atoms translate into value? Value is a transient concept,
by Ntrails 14y ago
I still don't understand how a piece of rock could be worth anything. No really. How do some carbon atoms translate into value?
Value is a transient concept, many things we assume to be inherently valuable are simply based on the assumption everyone else will continue to value them as much (or more) as they do now.
- Yuioup 14y agoYes but there is nothing backing up the solving of the algorithm. The rock came from somewhere and can be put back to be picked up again. A bitcoin comes from nowhere and is a magnetic action away from being wiped into nothing. Bitcoin is b<censored>t, a nonsense bubble waiting to burst. The emperor is wearing bitcoin.
- Ntrails 14y agoHouses crumble, cars break down, money burns. Just as possible to be wiped into effectively nothing. Yet these things retain value. I don't think that bitcoins are worth what people are willing to pay, but then I feel the same about diamonds.