“Value is thus nothing inherent in goods, no property of them, nor an independent thing existing by itself. It is a judgment economizing men make about the importance of the goods at their disposal for the maintenance of their lives and well-being. Hence value does not exist outside the consciousness of men. 13—Carl Menger”
— Principles of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
Ammous
The value of a good is the highest use to which I judge shall be able to put that good
What is the highest use of Bitcoin?
Only passing it on the next fellow
So unless like turtles there is an infinite chain of fellows, the stuff is worthless, just like Federal Reserve Notes (which have some small utility as pieces of green linen, but without relation to their stated value)
Are you saying the value of bitcoin is only in its utility in passing it along to others…? If so, you’re either a troll or you haven’t done 40 hours of independent research into what ₿itcoin is. If you have committed to doing your own research you may think otherwise.
