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axxxo93

Re:Cambridge Bitcoin Electricity Consumption Index on Wednesday February 10, 2021 @11:31AM (#26091294)
Yes
Re:Cambridge Bitcoin Electricity Consumption Index on Wednesday February 10, 2021 @11:31AM (#26091290)
You're right. Calculating the intrinsic value of something is hard if not impossible. However, I would argue that global network that enables P2P transfer of a scarce asset is quite valuable. Is it more valuable than gold? Maybe. Only time will tell.
Re:Cambridge Bitcoin Electricity Consumption Index on Wednesday February 10, 2021 @10:12AM (#26090175)
> When even the people who says that Bitcoin has intrinsic value prefer something else it's hard to buy the argument.

This argument doesn't make any sense. I prefer BTC over gold. This does not negate the intrinsic value of gold in any way.

Re:Cambridge Bitcoin Electricity Consumption Index on Wednesday February 10, 2021 @09:45AM (#26089764)
I appreciate an honest question. The negative sentiment around crypto is a bit extreme imo. Bitcoin does have intrinsic value. A trustless P2P payment network has value. Is POW flawed, yes. This is a big reason why I prefer and hold Ethereum. Eth is moving to POS which is vastly more efficient. It also has additional programability in the form of smart contracts that bitcoin does not have. Look into the DeFi space for further use cases.
P2P value transfer? Hedge against inflation?

There are others as well...

>By contrast the primary use case for bitcoin seems to be riding the speculation bubble, followed by buying stolen accounts/credit cards/identities and illegal drugs.

Do you have any evidence of how prevalent this is on the network?

No, my friend. Suicide's main issue is that you will be dead. I urge you to talk to a professional. You don't have to feel this way.
It's about time! There is no reason a drug that is considerably less harmful than alcohol should be criminalized to such a high degree.