So, how can the bitcoin holders utilize bitcoins if nobody wants to buy bitcoins?
(Requires actually owning Bitcoin)
- You can still send and receive Bitcoin even if no one buys them.
- You can cryptographically sign messages.
- You can immortalise not censorable messages on the chain(Julian Assange proved he was alive like this)
- Becoming censorship resitant/ have un-confiscatable assets.
(Makes it more likely if you’ve been into Bitcoin)
- Learning about how to apply cryptography in practice.
- Run a node to learn more about computer science.
- Inspect the code/ processes to learn about how to handle production software well.
- Learning about P2P networks.
- Learning more about software engineering.
- Learning about game theory.
- Learning about economics and human nature.
- Learning how money functions.
- Understand why decentralization matters.
- Recognise the flaws in our current system.
- Meet amazing people who are withstanding the highest hostility possible, to keep freedom alive.
- Learn more about physics/ engineering to make mining more efficient/ utilise it differently.
- Recognize bs even faster
See even if this thing doesnt bring in any profits/ money, the value is infinite for people who use it correctly. This list can for sure grow a lot longer.
Now:
- How can you personally utilise gold without being a goldsmith, if no one accepts it anymore?
- How can you use fiat when no accepts it anymore?
You’re touching the non productive nature of money, without realising this applies to any monetary good, and Bitcoin might not even be bad compared to previous forms of money. The barrier to even understand Bitcoin is high for many people, once you really understand it, you’ll touch so many different fields, because it’s requires this to really get there.
That has nothing to do with utilization. This is nonsense created in your imagination. If bitcoin can be utilized, then a person that has 1,000,000 BTC, in comparation with a person that has 0.0001 BTC, must be able to get 10,000,000,000 more benefit without selling BTC to someone else. But obviously this is impossible. Because BTC is a number. Mathematical abstraction with zero utilization capacity. It's mind boggling how much stupidity you're are capable to produce only to try to defend undefendable.
Regarding the rest. My bike is non productive. But I can utilize it. My fiat money is non productive. But I can utilize it, as explained in the OP. That's because they are resources. Your bitcoin is not a resource. It's a unit of a number created in imagination of an anonymous person or a group of people. That's why no one is able to utilize it and everyone is forced to dump it on some else. Like in all fraudulent investment schemes. Stop defending this scam. You look foolish.