Post
Topic
Board Bitcoin Discussion
Re: Does Bitcoin have real value?
by
BlackHatCoiner
on 23/06/2022, 16:41:07 UTC
Fundamentally, bitcoin is not a currency
You're wrong, because it's been 2 years and I'm using it normally as a currency. And so are millions of others. Therefore, this assertion is invalid.

notit scalable means of payment
That is also not true. We've developed off-chain solutions for this very purpose, such as the Lightning Network.

and it is not a stable store of value
There's a big depends lying here. I'm buying bitcoin since the early 2020, and I can tell you that not only it has managed to store that value, but I'm also experiencing decent capital gains too. Someone who bought at $68,000 and wants to spend it currently has, definitely, not had the same luck.

When someone buys gold, he understands very well that anyone will recognize and accept gold
This is false. I know no merchants that accept gold, except those who sell it (e.g., licensing pawnbrokers). On the other hand, bitcoin is accepted from a variety of merchants.

The position of Bitcoin (crypto asset) is one level below fiat currencies, Let alone have intrinsic value, physical form alone does not exist.
It's far better than fiat currency in a number of ways; emphasis mine:
I can now send money across the world, with no intermediaries, nearly instantly, with nearly zero fees in a privacy-oriented way. If you still find no value, you're willingly ignoring the benefits. The problem lies with you.