Not sure what to tell you, your mind is obviously made up. I don't know how to explain that trading resources back into computational work for the purpose of network security and transactional integrity is a form of value. Over a decade of time now prove this.
I'd suggest reading The Bitcoin Standard, I think it's only about $15. When attempting to define the characteristics that make a currency ‘functional’, Aristotle settled on five traits – fungibility, durability, portability, divisibility and intrinsic value. Crypto is the first currency in the history of civilization to check all boxes.
My mind is never made up, on anything. There are only increasing levels of proof required to change it, depending on my own level of knowledge/learning/research on a topic.
I don't know how to explain that trading resources back into computational work for the purpose of network security and transactional integrity is a form of value.
I will look into this.
When attempting to define the characteristics that make a currency ‘functional’, Aristotle settled on five traits – fungibility, durability, portability, divisibility and intrinsic value. Crypto is the first currency in the history of civilization to check all boxes.
If it does indeed have intrinsic value, I will agree with you. I will look more into what you have described above to see if that is real value (a real resource that has productivity uses outside of its use as a currency) or if it is only useful because someone says it is.
Not sure what to tell you, your mind is obviously made up. I don't know how to explain that trading resources back into computational work for the purpose of network security and transactional integrity is a form of value. Over a decade of time now prove this.
I'd suggest reading The Bitcoin Standard, I think it's only about $15. When attempting to define the characteristics that make a currency ‘functional’, Aristotle settled on five traits – fungibility, durability, portability, divisibility and intrinsic value. Crypto is the first currency in the history of civilization to check all boxes.
My mind is never made up, on anything. There are only increasing levels of proof required to change it, depending on my own level of knowledge/learning/research on a topic.
I will look into this.
If it does indeed have intrinsic value, I will agree with you. I will look more into what you have described above to see if that is real value (a real resource that has productivity uses outside of its use as a currency) or if it is only useful because someone says it is.