Quote from: pawel7777 on September 24, 2018, 07:34:33 PM

Quote from: Perunex on September 24, 2018, 06:01:18 PM

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Actually, I am not sure he is just trolling. He has a solid, veeeery theoretical point. Imo, we are just abstractly, in theory, talking about "value" in general and bitcoin. In practice this debate is actually quite meaningless. It is still imo interesting debate.

I know OP from his other threads. Sometimes he is thought-provoking, I'll give him that, but usually he would just waffle around good old "bitcoin is worthless because it has no intrinsic value" rhetoric, acting like he has come up with something new.

In this thread he attempts to re-define the meaning of the word "value" to fit his narrative. I don't think there's a single country in the world that would allow you not to pay taxes on otherwise taxable income just because you take bitcoin as a payment, or allow you to hide your wealth in bitcoin from wife you're divorcing - because it has no value, right?
Any sensible person would rather adjust his definitions to be compatible with the rest of the world - but that wouldn't earn him 5 pages of replies.

I have heard that bitcoin has no intrinsic value countless times from naysayers but I don't think that is the case. Correct me if I am wrong but the bitcoins that are printed on paper that come out of those bitcoin atm machines with the qr code on them have every bit of intrinsic value as paper money has. As in you can use them to write on, or start a fire with ect.. matter of fact you can just carve a wallet address or put a qr code on anything you want like a bar of gold or like those physical bitcoins they sell that you can load the amount of BTC you want on it. Bitcoin does not have intrinsic value because it doesn't need to have it but anyone can give bitcoin intrinsic value by turning it into something physical they can hold if they want to.