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you are right

i should say bitcoin is backed by the largest computer network in the world

its only frustrating if someone comes around with the intrinsic value argument

Bitcoin backed by largest computer, but really it's just the largest energy plant in the world. Which is what we WANT to store OUR work/energy in life! This is so fundamental - it should be taught in schools!

I worked in the Utility industry for 40 years and I was a master at justifying projects through intrinsic value. I could show you or regulators how a totally worthless project worth 10's of millions actually had value (intrinsic of course). It took me 30 years to realize 'intrinsic value' is a hoax. Literally there is no intrinsic value in anything. It's a totally fabricated term by fiat economist to TRY and add value to something that HAS NO VALUE! It's been used to misdirect capital to the point we don't know what is true or false anymore.

Intrinsic value at the top of the list for biggest lies ever told.

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Discussion

Tuvok 11mo ago

so we are on the same page 🫡

Fred Johnston 11mo ago

100%!

My added color is because I 'hope' someone that believes in the whole fake value thing reads this and hesitates for a moment - thinking, "...wow, maybe intrinsic value does not make sense..."

The process of de-programing brainwashed minds is a very slow process. We all need to see something many times JUST to acknowledge we 'might' be wrong! It's what makes discussions turn to arguments. And that's JUST the first step! There has to be a desire there to research things on your own, which is rare in itself.

When I hear someone mention intrinsic value, I know I'm talking to either a brainwashed person or an empty vessel. It's as clear as day to me now - but I lived, sadly, in that world for over 25 years. Just glad I was not an empty vessel - most die in that world!

Tuvok 11mo ago

so i ended up with being in agreement with natural law

but i am still open to learn more

everybody is doing his own process right now

we should try to listen

but also embracing new facts !

to start overthinking our believes !