Quote:
Originally Posted by LightingGuy
You're wrong about Bitcoin not having intrinsic value. You can also say that about all currencies, and gold. The value in Bitcoin is in the problems that it solves:
1. It's immune to manipulation from central authorities - the only way to change how it works is through consensus of its users
2. It can't be inflated - it's capped at 21M BTC
3. It can't be seized - the only way to access it is to know someone's secret pass key
4. It can be sent to anyone anywhere in the world in a matter of seconds, and it costs almost nothing to do this (via the Lightning network)
5. It is the most secure network in the world (again individuals can be hacked, but the network is almost impossible to hack)
6. It's a completely transparent ledger
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1. It's immune to
stabilization from central authorities (fixed it for you).
3. It can't be seized - the only way to access it is to know someone's secret pass key (
great for Russian oligarchs and international drug dealers).
4. It can be sent to anyone anywhere in the world in a matter of seconds, (
great for money launderers and international criminal organizations).
Bitcoin is a scam. Bitcoin is a pyramid scheme with no redeeming features whatsoever. It exists above the law and in contempt of the law. Bitcoin needs to be beaten into the ground and urinated on.
