Post
Topic
Board Bitcoin Discussion
Re: A simple proof that Bitcoin has zero value
by
bones261
on 25/09/2018, 21:41:09 UTC

I think there's no proof that Bitcoin has zero value, how can be a great coin become have no value if many people are still want to buy this coin

If no one wants to buy use it as a medium of exchange  anymore, then it has zero worth. The chances are probably small in the short term. However, can we really determine that in 100 years, people are going to still find Bitcoin has worth?


The OP didn't really make that distinction from the start. Now that the issue is intrinsic value, I'd agree. Bitcoin has no intrinsic value. Satoshi himself made that point in his early postings. What the market uses as money never boils down to its intrinsic value.

Whether it has value is another matter entirely. That determination is up to the market.

It appears the OP will never get it. Therefore, we will never have the time to explain it to him.  Cheesy I suppose we all can try though.  Wink