Quote from: franky1 on September 14, 2022, 04:19:10 AM

something having value (economic number)
someones values(desires, emotions, sentiments of features and benefits)
something valuable(value + values)

there are 3 different words of different meaning you are not quite grasping

let alone the previous lessons of the different of price vs value

well in this context i thought we were narrowing down the focus to something that takes alot of energy and that's what supposedly gives it "value" which i disagree. you can expend alot of energy on something but does that automatically give it value?

Quote from: larry_vw_1955 on September 13, 2022, 11:05:50 PM

You mean these? I'd say bitcoin meets most of them pretty well but not all of them sufficiently for example .. the "storability" one is also a bit suspect since to get to the point of being able to store your own bitcoin, most people are going to be relying upon banks and financial institutions

banks ?
no bank has offered a bank account to put your bitcoins in

if you mean exchanges used as custodians.

you dont store your own bitcoin in a custodian. .. once you transfer your coin to a custodian address, they are no longer "your own"

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How do you think most people obtain bitcoin? They transfer fiat from their bank to a centralized exchange and hope the exchange gives them some bitcoin that they can then transfer it into their own wallet to be able to self-custody but they are relying upon banks and financial institutions for the entire procedure, as I mentioned above. And that's the problem. When you want to cash out, you have to go through the entire procedure IN REVERSE. Most people do anyway. People that follow the status quo. So in reality, bitcoin is heavily tied into banks and other financial outfits like it or not. Heavily dependent upon them for its current price.