Why Bitcoin is guaranteed to be a crappy investment

Re:Why Bitcoin is guaranteed to be a crappy investment by duelingjello on Monday December 09, 2019 @06:40PM (#21747933)

You're not making an honest argument while making a sweeping generalization and a strawman about something else. Money has value if you can buy things with it. Gasoline has value if you need it. Bitcoin has no value if no one will accept it or trade it. That's reality, not hypotheticals.

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Re:Why Bitcoin is guaranteed to be a crappy investment by kegn on Monday December 09, 2019 @06:55PM (#21748085)

I believe you are missing the point I was trying to make.

I was stating that nothing, not even bitcoin or money or gold or water has intrinsic value. Anything can have value to a person who is in need of a seller's goods. That was not my argument. Things have subjective value. Things do not have some mystic intrinsic property that makes them inherently valuable.

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Re:Why Bitcoin is guaranteed to be a crappy investment by glofish on Monday December 09, 2019 @07:41PM (#21748439)

I think the point you are making here is that money is legal tender. That puts it into a different category than stuff that is simply valuable.

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