You may dislike me, you may disagree with me, you may condemn meyou may even decide that you hate me. But we both agree that Bitcoin has value; and Bitcoin itself is absolutely unbiased between us. *snip*
There are actually people who think that bitcoin "has no value"; and one of the most famous people who thinks that, well, we all know the dude
The good thing though, is that it doesn't matter that he thinks! The market decided(via supply and demand) that the current price is $8100(as we speak), so it doesn't matter if he thinks bitcoin has no value! It's one of the beauties of open markets.
With that said, you should create a Medium account lol.
The value of things is NOT the value of production. It is your perceived value, how useful it is to you in your context and moment. Your smartphone (depleted battery) vs water in a desert, or refrigerators in the north pole.
the characteristics of bitcoin is what gives it value, not what it cost was to mine it. Of course, there is less incentive to mine it if the market value goes under production value. But the sole fact that there is demand at all, means it is useful to enough people to give it that value.
I don't agree with medium. I'd rather not go offsite to read and comment on articles.