I was reading through some comments on this post: https://communities.win/c/GreatAwakening/p/12jd0GCP85/cashless-bitcoin-and-the-devil-w/c/
And realized, I have shrugged off crypto because I simply don't understand it. For someone like me who is now realizing it's a good idea to get involved, how do I do it? It's very overwhelming, but I'm committed to learning. Let's talk!
Huh? It's quite clear what I've said is so, and it's about as uncomplicated as it gets.
Meanwhile, you're doing so toe-tapping routine while repeating the word "knowingly", and then declaring victory or something. It's frankly bizarre.
But aaaanyways, features, I'll bit. So what do "features" matter when the intrinsic worth is nothing.
That's like saying the shipping and handling fees were surprisingly low, and the customer service was helpful and polite, on the $800 you dropped for those super rare, highly collective beanie babies on QVC. I guarantee any "features" won't matter when the intrinsic worth(lessness) of what was bought is finally realized.
Because when the ledger value in question is legally recognized as representing the transfer of ownership of a house (or a 787 or an oil tanker), that token has value.
Not once have I argued that it has intrinsic value. But your argument failed to explain why it must have intrinsic value in the first place. There are thousands of chains with useless tokens. Why can't I get free Bitcoin?
You said it yourself. We could use shells, or anything we want, whatever people recognize. Now, let's see, which has better features... An immutable token everyone on the planet can see, or your bag of seashells?
Well, let's see, what's that "token" worth?
Current price of Bitcoin. Next.
People don't purchase "investment" vehicles to sell at the entry price.
We're looking forward.
To speed this up:
Look, I don't presume I'll convince you at this point. And you unjustifiably keep trying to declare victory on this, so that's weird. So I'll just let this drop here.
But I'd truly hate to have this great board, here serving a far larger purpose, be the cause of someone looking for money-for-nothing (aren't we all) to be suckered into investing in "cryptocurrencies" without knowing full well what they're getting into. If the "features" you've described seduced them, or something else 🤑 has, fine... but I think it'd be tragic if they sank their hard earned money into an intrinsically worthless scam without, at least, informed consent.