Post
Topic
Board Bitcoin Discussion
Re: [VIDEO]The Empirical Proof of Bitcoin's Real Value Being Zero
by
DannyHamilton
on 03/02/2020, 14:24:02 UTC
I am pointing out the human stupidity of purchasing this record for thousands of dollars although it pays zero monetary or non-monetary value to its holders. On their own, all financial instruments are worthless paper or digital records. That's why their issuers must provide some payment to their holders, and it is this payment what gives them value. Bitcoin issuers pay nothing, which renders Bitcoin worthless. Giving up valuable possessions just to be the holder of worthless digital record, is a very good example of how stupid can the humans be.

Bitcoin IS a valuable possession.

Bitcoin has value just like gold has value.  It is more like a commodity than a "financial instrument".  There are no "issuers" of Bitcoin, just like there are no "issuers" of gold.

Control over Bitcoins offers value on its own, so there is no need for "some payment to holders".