Quote from: Zarathustra on December 10, 2013, 11:42:04 AM

Quote from: porc on December 10, 2013, 11:37:16 AM

Quote from: Zarathustra on December 10, 2013, 11:33:15 AM

Quote from: porc on December 10, 2013, 11:14:04 AM

Quote from: toknormal on December 10, 2013, 10:32:30 AM

Quote

I have addressed this already. Bitcoin cant be a store of value as it has not value. Bitcoin cant be a media of exchange, as it has no value.

I think you mean it doesn't have value "for you".

That's not the same thing as it having not value "for markets"

You appear to have started this thread from a sense of frustrated cognitive dissonance - i.e. you can't understand why something that you personally can't see any value in can be traded for so much money. Although your sense of confusion has been amply induldged on here, it isn't really our problem.

I suggest you buy at least 1 bitcoin right now as insurance. That way you won't have to be standing with your pants around your ankles in 12 months time when the price is at $10,000 ranting about why it has "no value"

Money needs to have certain properties and one of them is that it needs to have value in and of itself.

Golds inherent value: its great to look at and we like to touch it. humans loved the look of this metal since dawn of man.

That's the opposite of inherent and intrinsic. It is external usage. Are you blind?

Quote

What can I do with Bitcoin except dumping it on the next guy?

Dump, transfer, barter, donate, destroy, store ...
Are you blind?

Quote

ABSOLUTELY NOTHING!

ANYTHING

Quote

Now what is frustrating to me, is the delusion/ crowd think fellow libertarians are falling in to. This is a pyramid and lots of people will get hurt.

It seems that you are hurted by the fact that you missed the train. Give up. Nobody will believe your fairytales.

What can I do with Bitcoin EXCEPT DUMPING IT ON THE NEXT GUY?

ABSOLUTELY NOTHING.

Fairytale of bitcoiners: People will in future (even though this has never happened in history over a prolonged period of time) EXCHANGE SOMETHING FOR NOTHING.

Well if you say so. You wont be dumping your NOTHING on me thats for sure.

Dump, transfer, barter, donate, destroy, store ...
Are you blind?

Transferring something does not give it value.