What really justify the price of bitcoin? The idea? The infrastructure? Etc? Have you guys actually done a survey and check it out. Compare bitcoin with say Amazon AWS? I mean let's not take the "mining" cost into consideration. After all. Does mining add to the actual value?
I mean is bitcoin really a evolutionary concept? After all, for example. Someone say that bitcoin transaction is fast. But then, so is paypal, etc. People say that there is no centrality in bitcoin. But then 95% of bitcoin is being held by a few entities. So what gives.
Let's compare a bitcoin with say even your own laptop. Can you say that complexity wise , your bitcoin is actually more complex then say your laptop or even your phone?
It's just incredible that everything under the sun is being used to justify bitcoin. Showing how naive people really are.
I guess people really do not know that prices can be manipulated.
Putting money into something that is really not backed up by anything, do not have any income generating potential accept for capital gains,is just a more complex version to say gaming money, is pathetic. I mean if say bitcoin go to zero, how are you going to justify that you made a calculated judgement in the first place? I mean are you going to say that this coin is providing me with interest? Are you going to say that this coin is something tangible that I can use for my daily life. What is the physical manifestation of this. I mean come on even email which cost nothing has more utility then bitcoin.
Bitcoin is nothing then just electric ledgers being passed around with people assigning value to it after all. No different actually from say somekind of medium money whereby if say I happen to hold this money, I will be blessed from the gods. It's no different from fiat actually. But at least with fiat, the money is "based" on the economy of that nation.
Cannot help but write this because i am getting irritated by the comments here.
> I mean let's not take the "mining" cost into consideration. After all. Does mining add to the actual value? Yes. > 95% of bitcoin is being held by a few entities False. > But at least with fiat, the money is "based" on the economy of that nation. Lol
You don't understand what gives bitcoin its value. You should just stop posting until you do some more research.
Gavin Anderson
Are you trolling? I think you're trolling.
Bitcoin is a currency and store of value. It is stateless, immutable, transparent and distributed.
No one "owns" bitcoin and if the economy gets bad the state can't just QE or print money to get out of it.
That is the value of Bitcoin. Some Jap can store the value of their wealth in a store that their government cannot devalue by printing money.
The bank can't just seize all your Bitcoin because someone told them to.
You can transact any sum of money any distance in a relatively short period of time for a relatively small fee.
Other people think it has value.
That's the real value of Bitcoin.
Aiden Carter
Eeople here are so deluded. What really justify the price of the dollar? The paper? The government? Etc? Have you guys actually done a survey and check it out. Compare the dollar with say Amazon AWS? I mean let's not take the "printing" cost into consideration. After all. Does printing add to the actual value? I mean is the dollar really a evolutionary concept? After all, for example. Someone say that the paper is light. But then, so is toilet paper, etc. People say that there is no centrality in the dollar. But then 95% of dollars is being held by a few entities. So what gives. Let's compare a dollar with say even your own laptop. Can you say that complexity wise , your dollar is actually more complex then say your laptop or even your phone? It's just incredible that everything under the sun is being used to justify the dollar. Showing how naive people really are.
Landon Rivera
I guess people really do not know that prices can be manipulated. Putting money into something that is really not backed up by anything, do not have any income generating potential accept for capital gains,is just a more complex version to say gaming money, is pathetic. I mean if say the dollar go to zero, how are you going to justify that you made a calculated judgement in the first place? I mean are you going to say that this coin is providing me with interest? Are you going to say that this paper is something tangible that I can use for my daily life. What is the physical manifestation of this. I mean come on even email which cost nothing has more utility then the dollar. The dollar is nothing then just pieces of paper being passed around with people assigning value to it after all. No different actually from say somekind of medium money whereby if say I happen to hold this money, I will be blessed from the gods. It's no different from toilet paper actually. But at least with toilet paper, the paper is "used" on my hairy pajeet asshole. Cannot help but write this because i am getting irritated by the comments here.
Luke Wilson
Bitcoin is literally backed by your mom's infested cunt.
Asher Brooks
Stay poor nocoiner
Brandon Hernandez
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Ryder Williams
Eople here are so deluded. I come from a poor country (usa) and put all my live savings in dollar. Now obama and trump kill my money tree and my dollar packages. I dont know what to do... i hope there is allah.. lifes not fair.
