25 Comments
Jan 14, 2021Liked by Dan Held

The intrinsic value of bitcoin is financial freedom. Its a different mindset. A mindset of open minded, intelligent and passionate young and perhaps some older people ;)

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Dec 23, 2020Liked by Dan Held

Hi Dan first line of scarcity, there is mistake. There is a missing word (know).

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You have wilfully ommited the intrinsic value of gold.a currency can work if and only if it has something of value to back it up.

For gold that value comes from us humans who use it for many different purposes

For bitcoin it comes from the thing we hold valuable (gold and other things)

If the value of gold is to disappear in the near future bitcoin may as well hit the dirt.

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You forget one category: Intrinsic value. Bitcoins only value is that can be transferred slightly more easily, gold has many industrial uses which make it store value in addition to its monetary properties. Also, if it costs 5Million/ounce to bring gold from an asteroid to earth then it's not really a good argument to say that "Asteroids have gold", I am sure there is gold deep in the earth to but it's not accessible.

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It’s true Bitcoin will be a force and will change the monetary system forever…from value of currencies to investing to trading and the whole market….but Gold is earth, it’s Mother Nature and you can’t beat that!. it has surpassed the Babylonian, Persian, Medo-Persian, Roman to our time and the one to come.Bitcoin will lead the trends and market but like any market it will crash like the 08’’ crash.Gold is Eternal.

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It’s true Bitcoin will be a force and will change the monetary system forever…from value of currencies to investing to trading and the whole market….but Gold is earth, it’s Mother Nature and you can’t beat that!. it has surpassed the Babylonian, Persian, Medo-Persian, Roman to our time and the one to come.Bitcoin will lead the trends and market but like any market it will crash like the 08’’ crash.Gold is Eternal.

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What happens when an EMP hits, when electricity is out for days, weeks, or forever? How do I do all those things mentioned to verify, transfer, use Bitcoin?

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gold is actual money from billions of years of civilization. bitcoin is imitation of gold, just like fait currency. billions of years of civilization!!! need to study human history.

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A lot of this isn't true... fungible lol. There's only one project which truly achieves that.

It's also not really censorship resistant... or not as much as it should be. You need fungibility for that and LN just makes the problem worse by requiring trust for channels. Eventually, they can choose to only accept whitelisted transactions and then miners could get advantages for that.

Without fungibility, everything else falls apart in terms of achieving the decentralized goals.

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what makes bitcoin different/superior to any of the 100 other crypto currencies? what makes bitcoin any different than dave&busters game tokens? that have the same intrinsic value.

gold has industrial and commercial uses and if you forget your wallet password you don't lose all your gold. it's harder for hackers to steal your gold as well. maybe I'm a dinosaur waiting for the asteroid, but I'm going to be skeptical of bitcoin for a while longer.

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can the code or DNA be cracked by supercomputing and AI cryptographers? and if so, what does that portend for btc and all of internet and virtual life?

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I didn't receive the bonus... :/

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