Tweetstorm: Satahoshi's references from @AnilSaidSo
https://dt.gl/tweetstorm-satoshis-references/ #bitcoin
@sl1200 @Decentralize_today why is bitcoin a ponzi scheme but not, say, gold or land ownership?
@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 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.
@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.