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A comment on Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble. Parent comment

Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by ekianjo on Monday October 18, 2021 @12:57AM (#28902356)
> It clearly has no value beyond speculation and the bubble will pop.

Many things have actually no intrinsic value (like art) yet don't lose value over time that much.

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by Ekaros on Monday October 18, 2021 @01:39AM (#28902559)
Depends on what art we are talking about. Plenty of it has lost value over time. Ofc, what is popular and big name keeps being popular. But outside that group there is lot of examples that aren't as valuable as it was at one point.
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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by DantesKite on Monday October 18, 2021 @01:00AM (#28902375)
Art has value as a money laundering scheme and so do NFT’s.

Although I’m hopeful maybe someone will find a decent use case for them.

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by ur-whale on Monday October 18, 2021 @01:06AM (#28902392)
> Art has value as a money laundering scheme

That's IMO a very reductive view. While - true - art is used to launder money, that's not the only thing that lends it value.

If that wasn't the case, there wouldn't be any brick and mortar museums left in the world and you could buy the original Mona Lisa for a dime - since everyone else would have a 16k x 16k reproduction of it, essentially identical to the original.

Somehow, that does not happen.

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