👏 US SEC approves bitcoin ETFs in watershed for crypto market 👏
(www.reuters.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (46)
sorted by:
It's an energetic form of value. It takes tremendous amount of power to produce BTC. Every form of money/currency has NO intrinsic value except what we give it. We call things valuable bc they're scarce or beautiful etc...but only Life has intrinsic value imho.
There's more to BTC then meets the eye. Looking at it just as money is limiting yourself to all the possibilities.
Without Gold, Silver and or Platinum you don’t have a “micro-chip” - without a microchip - you have no BTC.
My point was that there is more value in metals than BTC.
“It's an energetic form of value. It takes tremendous amount of power to produce BTC.” Can you elaborate? Something that consumes energy is a form of value?
It's called hard money (that which takes energy to produce) as opposed to soft money where all you do is turn on the printing press.
Human and electrical energy is needed to produce hard money. And, BTC is much more than money. It's a long-term store of bits of data that value has been assigned to. And, millions of people agree that it has value. Its not fiat, its not centralized, its not hackable. Its integrity is validated by thousands of miners daily. It's the way of the future. In the final analysis what's more valuable than energy??
https://www.usgoldbureau.com/gold-confiscation#:~:text=May%201%2C%201933%20%E2%80%93%20President%20Roosevelt's,for%20%2420.67%20per%20troy%20ounce.
I’ll just leave this here
Who seized it? Why did they seize it? What value does it hold for them to SEIZE it from the people?
Are you asking me actually or just making a point?
Because the fact of the matter is… it was seized… and it was ultimately to save the USD.