@sl1200 @anon00110 @Decentralize_today you have several errors in this post:
- there is no such thing as "objective value". all value is subjective.
- even if they have little/no objective value (not a thing), the fact that they are "just software" and that their software is *not identical* means that they would necessarily have *different* value based on their different implementations.
- the consensus of bitcoin's value does not depend on bitcoin producing large profits in a short time.
@anon00110 @Decentralize_today @sl1200 i personally find bitcoin to have significant utility value entirely independent of price movement/speculation, and was using it long before it was worth much of anything.
@anon00110 @Decentralize_today @sl1200 do you think the fact that gold costs 1800 usd per ounce is a result of the fact that it doesn't corrode and conducts electricity well?
@anon00110 @Decentralize_today @sl1200 also, if it could be demonstrated that bitcoin has productive value, would your argument cease to be valid?
@anon00110 @Decentralize_today @sl1200 what is the productive value of gold, and what makes you think that even if it does have productive value, that utility is in any way related to its subjective value?
@sl1200 @Decentralize_today yes, that's the same with gold. how is bitcoin different?
@garritfra i think there need to be good matrix clients first. i haven't found a good privacy-respecting one.
@sl1200 @Decentralize_today why is bitcoin a ponzi scheme but not, say, gold or land ownership?
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