Re:No one is disrupting banks
by henry_bone on Sunday January 26, 2025 @07:50PM
(#42836059)
That's a 'sperg dunk.
"We wear gold"
Not for warmth or protection we don't. It's not essential to us.
"make weapons out of iron" Do you? I certainly can't refine the ore, or forge and machine the barrel of a rifle.
All you've done here is increase the cost of my communication. You know what I was saying, but true to nerd nature, you chose to make a "technically correct" (the worst kind of correct) point (sort of).
Bitcoin has value for the reasons I said and it will continue to have value for as long as we have access to global computer network.
Bitcoin 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.
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.