Quote from: cabron on January 20, 2020, 08:31:10 PM

Quote from: Thekool1s on January 20, 2020, 07:16:33 PM

Quote from: DannyHamilton

Value is an intrinsically human concept. If humans desire something (membership, ownership, or something else entirely) then it has value. If humans do not desire it, then it does not have value.

This is something he has failed to wrap his head around... he just doesn't get it... It's all about human subjectivity. The only reason the FIAT/Gold etc is "valuable" is because of collective human subjectivity, which I mentioned in one of my replies... Once you take that out there is no such thing as "Value".

He doesn't understand that even fiat is also base to its intrinsic value. The amount we put is what we assume to be its price til someone else bids for the new price.

I don't understand how he got this membership idea but I can only assume he is from an investment scam which is why is is very used to this membership cards.

When a record is created in order to verify the fact that you came into the possession of some property, we talk about ownership record.

When a record is created in order to verify the fact that you joined some group, we talk about membership record.

When a record is created in the blockchain, this is not because you came into the possession of some property. Instead, this record is created because you joined the group of Bitcoin holders. In the beginning, membership entrance fee - that granted you one membership stake, was $0.02. Today it is $8.500. Why membership in this group became so expensive is mystery given that membership grants nothing to stakeholders. But what is certain is that this is the largest fraudulent scheme in the history of mankind.