The value is all of the energy consumed to create the Bitcoin, but also all the energy required to try and attack or hack the nodes and algorithm.
This is a lie. This energy has no value. A thing has value if it is usable. In this case, all of that energy has already been lost to heat. It's all gone. It is non-usable energy. These arguments for Btc being "energy based" take a shit all over basic physics (specifically our ideas of entropy). ALL OF THE ENERGY REQUIRED FOR BTC IS USED UP!!!
It stores no energy. It stores no value. It is WORTHLESS except as a technology. But it is infinitely divisible (effectively). As a technology 0.0000001 Btc is just as valuable as 1,000,000 Btc. So as a technology, it has value. It can be used to create things, like say, a real asset backed currency (though there are better block chain techs than Btc, so it's really not a very good one in that regard). But it's value is not tied to the number that you have, thus it has no measure based intrinsic value.
We are already at the point where all Bitcoin miners and users worldwide would have to work together to pooling ALL of their energy to even try to attack the Bitcoin network.
This is an argument for it as a technology, not as a valueless currency.
Like everyone else, all of your arguments for Btc are either completely false, or are arguments for it as a technology. These arguments completely ignore the fact that it's usability as a tech is just as valuable no matter how much you have.
All non-asset backed currencies are worthless. We have been trained to believe in them. Once the scam is fully revealed, and we allow ourselves to have access to other means of economic exchange, not a single person will hold on to Btc et al. Not one. Why? Because it is a scam, pure and simple. Eventually that will be obvious to everyone.
It is not a currency yet. It is still tied only to energy because it must hit certain hashrate milestones as mining network and worldwide energy grid is built out, so it can’t be stopped.
It is a store of value priced in $ as hyperinflation destroys the $, but soon it will be obvious it is also a store of value when priced in gold. Silver will likely come later. This is what it is intended for right now. One alternative store of value, that’s it. (a life raft like gold, if you will). You are arguing about something that hasn’t happened yet.
You need to read Softwar. Bitcoin is not a scam, but all other cryptos may be depending on who controls them (there is only 1 proof-of-work crypto). Bitcoin is limited amount, but infinitely divisible. Its value grows over time as more energy is put into mining it and protecting the nodes. Most of the other cryptos were specifically created to program the public that “cryptos are a scam” while the Deep State hands out Bitcoin for bribes and uses it quite extensively now.
You can buy satoshis (100M satoshi per Bitcoin), but early adopters owning 1 Bitcoin now will very likely be new wealthiest 1% worldwide (for investing in humanity). You can also buy 1 share of MSTR stock and move to transfer agent to self-custody if you are not convinced it has any value. As a shareholder you might be convinced otherwise. MSTR is largest publicly traded holder of Bitcoin on balance sheet.
Space Force appears to be protecting the Bitcoin network “cyberspace” mining nodes as well as the StarLink parallel internet nodes. I don’t thing they would be doing that if Bitcoin was a “scam”
This is a lie. This energy has no value. A thing has value if it is usable. In this case, all of that energy has already been lost to heat. It's all gone. It is non-usable energy. These arguments for Btc being "energy based" take a shit all over basic physics (specifically our ideas of entropy). ALL OF THE ENERGY REQUIRED FOR BTC IS USED UP!!!
It stores no energy. It stores no value. It is WORTHLESS except as a technology. But it is infinitely divisible (effectively). As a technology 0.0000001 Btc is just as valuable as 1,000,000 Btc. So as a technology, it has value. It can be used to create things, like say, a real asset backed currency (though there are better block chain techs than Btc, so it's really not a very good one in that regard). But it's value is not tied to the number that you have, thus it has no measure based intrinsic value.
This is an argument for it as a technology, not as a valueless currency.
Like everyone else, all of your arguments for Btc are either completely false, or are arguments for it as a technology. These arguments completely ignore the fact that it's usability as a tech is just as valuable no matter how much you have.
All non-asset backed currencies are worthless. We have been trained to believe in them. Once the scam is fully revealed, and we allow ourselves to have access to other means of economic exchange, not a single person will hold on to Btc et al. Not one. Why? Because it is a scam, pure and simple. Eventually that will be obvious to everyone.
It is not a currency yet. It is still tied only to energy because it must hit certain hashrate milestones as mining network and worldwide energy grid is built out, so it can’t be stopped.
It is a store of value priced in $ as hyperinflation destroys the $, but soon it will be obvious it is also a store of value when priced in gold. Silver will likely come later. This is what it is intended for right now. One alternative store of value, that’s it. (a life raft like gold, if you will). You are arguing about something that hasn’t happened yet.
You need to read Softwar. Bitcoin is not a scam, but all other cryptos may be depending on who controls them (there is only 1 proof-of-work crypto). Bitcoin is limited amount, but infinitely divisible. Its value grows over time as more energy is put into mining it and protecting the nodes. Most of the other cryptos were specifically created to program the public that “cryptos are a scam” while the Deep State hands out Bitcoin for bribes and uses it quite extensively now.
You can buy satoshis (100M satoshi per Bitcoin), but early adopters owning 1 Bitcoin now will very likely be new wealthiest 1% worldwide (for investing in humanity). You can also buy 1 share of MSTR stock and move to transfer agent to self-custody if you are not convinced it has any value. As a shareholder you might be convinced otherwise. MSTR is largest publicly traded holder of Bitcoin on balance sheet.
Space Force appears to be protecting the Bitcoin network “cyberspace” mining nodes as well as the StarLink parallel internet nodes. I don’t thing they would be doing that if Bitcoin was a “scam”