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".
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".