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16319204 No.16319204 [Reply] [Original]

What's the intrinsic value of bitcoin?

>> No.16319211

>>16319204
pure energy

>> No.16319251

>>16319204
distributed consensus

>> No.16319275

It has none

>> No.16319276

>>16319204
Large transfers across different countries

>> No.16319277

>>16319204
the intrinsic value of money is whatever people decide it is, just like any other scam

>> No.16319288
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16319288

>>16319204
whatever you want it to be

>> No.16319317

>>16319211
>>16319251
>>16319276
those also apply to other PoW coins

>> No.16319346

>>16319251
Theres no such thing as distributed consensus retard. I guess u could call it brainwashing

>> No.16319407

>>16319251
this

it actually has intrinsic value, decentralisation, trustless system and all that. that is bitcoins (cryptos) intrinsic value. smart contracts are an extension (a pretty cool one)

>>16319276
this also.


then someone says, "yeah but this is software and can be easily forked and what not"

fork away as much as you want it does not mean people will use your shitcoin when there is fucking bitcoin since the beginning which has proven itself useable "enough" already.

>> No.16319419

>>16319346
jesus what is with these people?

https://medium.com/s/story/lets-take-a-crack-at-understanding-distributed-consensus-dad23d0dc95