You don't utilize Bitcoin,
Yes, I do. As do many other people.
A car can be both, utilized and transferred.
Bitcoin can also be utalized AND transferred.
Bitcon can only be transferred.
This is false.
That's why one cannot use it for want satisfying.
And yet one can, and does.
And that's why it is worthless.
And yet, it is not.
If the only thing that one can do with X is transferring it to someone else, then X is worthless by definition.
Not true. However, fortunately for this discussion, is transferring it to someone else is NOT the only thing one can do with Bitcoin.
Yes, you are correct. Bitcoin doesn't fit my definition of financial instrument.
Glad to hear you agree. Since you agree that it is not a Financial Instrument (by your definition), can we please stop talking about "issuers making payments"?
Bitcoin is just a record and not all records are financial instruments.
Bitcoin is more than "just a record". Regardless, at least we are finally in agreement that your rules for Financial Instruments don't apply to Bitcoin.
Gold is not valuable due to declaration but due to utilization in dentistry, medicine, electronic, aerospace and jewelry.
Nobody would pay $1500 per ounce for gold if its manufacturing and product uses were the only thing it was utilized for. It is utilized to store and transfer value. This is what makes it as valuable as it is.
Bitcon can only be valuable due to declaration.
And yet, Bitcoin has value though there is nobody to declare its value. So, clearly that's just nonsense.
Bitcoin is valuable due to the valuable ways in which it can be utilized.
You're just repeating your empty assertions of Bitcon having value and ignoring reality in the process. I will now present you this reality with one simple question. Suppose that you've purchased all the bitcoins in the world. How can you utilize them? You've said that they can be both utilized and transferred. You've bought them all and you don't want to transfer them. So how can you utilize them for want satisfying?