Quote from: bitmover on January 02, 2019, 06:29:24 PM

Quote from: Lambolife on January 02, 2019, 05:25:27 PM

Now I wanna ask your opinions on my main point which is:

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

Now I know some other more famous crypto influencers have mentioned things like decentralization, cost of production, etc., but I think those things are a means to an end and not the endgoal themselves. Like decentralization is for the purpose of censorship resistance and fraud prevention.

So you I wanna know your opinions guys. Agree or disagree doesn't matter as long as you explain your point. https://youtu.be/WgxD5DmS6z8

I don't agree.

There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.

As it is decentralized, it cannot be shut down. A powerful government cannot shut down bitcoin now.

Proof of Work algorithm protects the network, as it is required the energy of a small country to 51% the bitcoin network.

There is no place where you can nuke with missiles and destroy bitcoin database. You can sure track some important actors and neutralize them, but it would not kill bitcoin.

Decentralization is what made bitcoin possible.

IMO, censorship resistance and lack of central authority are endgoals of a world currency, not a mean to an end.
The goal is the decentralization and the lack of central authority. This is why bitcoin was created.

I share your idea mate. I think, it's far from over. I mean, it's true that it has been on the decline, but then, there are still some glimmers of hope as it still has positive movements happening to it, which helps it keep and increase its value from time to time. Also, I think what's happening is kind of expected since there can't be no asset that would stay in a price point so high without the chance of stabilizing and decreasing at some point to maintain a more reasonable and stable amount. I think the market is just beginning to be stable, and at some point, would have its respective constant, or near constant, values.