Yes, I meant it has no intrinsic value and therefore tha last man holding the coin when it becomes totally worthless one day. In addition to no intrinsic value, I suspect it costs more to mine also because the computers used also are using an asset that actually has intrinsic value: silver. So the cost of silver, which is alleged in short supply and high demand, probably has to be included in the bitcoin production. Or we will continue to live in a world of inversion, where what is truly/intrinsically valuable is rigged to be undervalued for the sake of valuing AI "money".
And what is the cost of running the computer and what does that do to the true value of the coin?
Thanks. Bitcoin sounds like a greater fool theory scheme, to me. Time will tell.
Yes, I meant it has no intrinsic value and therefore tha last man holding the coin when it becomes totally worthless one day. In addition to no intrinsic value, I suspect it costs more to mine also because the computers used also are using an asset that actually has intrinsic value: silver. So the cost of silver, which is alleged in short supply and high demand, probably has to be included in the bitcoin production. Or we will continue to live in a world of inversion, where what is truly/intrinsically valuable is rigged to be undervalued for the sake of valuing AI "money".