Quote from: BlackHatCoiner on Today at 10:34:59 AM

Quote from: Antithesis on Today at 08:25:55 AM

Well, people are buying a Bugatti because they are able to utilize it

This is true.

Quote from: Antithesis on Today at 08:25:55 AM

That's why cars exist in the the market in the first place. Because they have utilization capacity - they are able to be driven.

This is also true. Cars exist solely for this reason.

Quote from: Antithesis on Today at 08:25:55 AM

The price then depends on how big this capacity is.

This is half true. The price is determined by lot of things, such as the price of their productive factors, the technological improvements, the need for driving from the consumers' side.

Quote from: Antithesis on Today at 08:25:55 AM

Everything on the market is tradable by definition.

Correct, but some things are easier to trade than others. For instance, it's far easier to transport a million dollars worth of gold than a million dollars worth of cars. Gold is easier to cut into smaller pieces, it's durable and fungible. I'd prefer paying me in gold rather than in cars.

Quote from: Antithesis on Today at 08:25:55 AM

You can't say: "a Bugatti costs $1M because it's tradable". That's stupid.

It's stupid because it's not designed to be traded. Therefore, it doesn't make sense to buy such car, just to trade it. It's not utilized for trade, but for driving.

Quote from: Antithesis on Today at 08:25:55 AM

If for e.g. a bond issuer offers $1,000 face value that's the utilization capacity and the market price will be around that level. No one will pay you $1M for a bond with $1,0000 face value.

You still haven't answered me why would I want these green pieces of paper. According to you, they don't have utility as they're designed only to be exchanged for goods and services.

They're valuable because they're used as currency. It's a measure of utility. Monopoly banknotes have not the same value, because they aren't accepted in the same way. But, they both are pieces of paper.

Quote from: Antithesis on Today at 08:25:55 AM

We know that bitcoin issuer/issuers don't withdraw bitcoin from the market to give something to the last bitcoin holders.

Of course and some do. Some don't want BTC, they are willing to exchange it for any other currency or product. However, I don't think withdraw is the correct verb to describe this.

Quote from: Antithesis on Today at 08:25:55 AM

Bitcoin is not a security like bonds, stocks or fiat currencies are.

Again, neither fiat currencies are. Securities, bonds and stocks happen on an already existent currency. Stocks aren't EUR, but they can be exchanged for it. Same can happen with Bitcoin, gold, rocks and salt as long as the buyer and the seller come into an agreement.

Quote from: Antithesis on Today at 08:25:55 AM

And in bitcoin, this utilization capacity is the ability to be watched on the screen

No, it's not. This is just you who's constantly thinking closed-mindedly. It can neither be driven or eaten. That doesn't make it non-utilizable.

Quote from: Antithesis on Today at 08:25:55 AM

What I am asking is why would I pay $38,000 for that? People in this topic are ignoring this question.

I've already told it to you two times. You're paying any amount of dollars to use a currency that is different in character.

Quote from: Antithesis on Today at 08:25:55 AM

Well, a needle is tradable the same as a Bugatti.

I explained above why this is false.

Quote from: Antithesis on Today at 08:25:55 AM

The needle is easier to store and transfer than a Bugatti. But would you trade the latter for the former?

You're not going to trade 1 needle for 1 Bugatti. You're going to look up the price of 1 needle and the price of 1 Bugatti. If we assume that 1 Buggati costs $1,000,000 and 1 needle $0.01, then whether you give me 100,000,000 needles or 1 Buggati, they have the same market value.

I am not interested in this kind of discussion.