Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 26/12/2019, 16:06:59 UTC
What's the true valuation of a Bitcoin as denominated by it's recycle value?...zero.

Wrong!!!!

Why do I have to get mad at you during the holiday season, Roach?


Because you are dumb.   You are so dumb.  Real dumb.

And you show your ongoing stubborn level of purposeful dumb with nonsensical questions of irrelevancy like the recycle value one above.

The question has close to NO relevance in understanding what the fuck is bitcoin.  You gotta know better, don't you?  Please tell me that you are NOT that dumb, and you are merely being purposefully misleading because you have nothing better to do during these holiday times. 

You seem to understand, roach, that bitcoins are not actual physical objects/entities.  So maybe there is that, right? 

Sometimes people are also confused about where the bitcoins reside.  For example, if I have a Trezor, a ledger, an account on an exchange or a software wallet that can be accessed through my phone or a computer, the coins themselves do not actually reside on those devices, but the access to the private keys for the bitcoins that are necessary for accessing the coins themselves, may be accessible through those devices, exchanges and/or services.  Actually, sometimes with back up seeds there can be alternative ways of accessing the coins too, so if I lose the physical device or access to some of the services, they may have provided me other ways to get access to the coins by maintaining my back up seeds that can allow me to regenerate access through another kind of physical means.  In any of the cases, the access has physical components while the information (the bitcoins) remains quite more abstract.

If we are getting at BTC's utility, it has more to do with it's portability and security in terms of being digitally secured by thousands of computers that agree to an algorithm to verify who holds them and transactions and other ways of sending information back and forth on that network.

With Bitcoin, you thinking about physicality has to become more abstracted because non-physical utility that touches upon a variety of other physical support components remains a concept that any of us should be able to grow into and to actually understand when we get into our late childhood years, and for sure we should understand quasi-abstract thinking by the time we are teenagers and beyond - even though some dumbasses still continue to frame value in terms of physicality, which continues to cause them to miss a lot of understandings regarding how the world really work, and especially the many values that some abstract and less tangible aspects of life can bring.