Sounds like a lot of intrinsic value there to me.

His points are actually quite good. Bitcoins price is based on what the next person will pay for it but that’s the exact same as anything at all. Bitcoins value is different. It provides a service that he might not need at the moment but other people in many countries need and are using. Ie there is a desperate need for this product.

1. It is money that can be transferred from anyone to anyone, anywhere in the world and cannot be censored by banks, governments or other bitcoiners

2. Verifiably scarce and cannot be inflated.

3. Decentralised enough and protected by enough computing power that it cannot be taken over.

.

The trap is arguing for intrinsic value.

There's no such thing, only relative value based on market demand.

Basic Austrian economic axiom.

I wouldn’t waste my time with people like that

They’re right. But from their lens. They haven’t yet asked “what is money”, so don’t have the key Austrian Econ piece of sound money.

I used to be like that

I was wrong

Money is a different asset class entirely to an investment, carries differing risks, and provides a different feature set

I left LinkedIn over a year ago now and it was one of the best decisions I've made.

It was worse than Twitter from my experience.

Most people on LinkedIn have made a living from extracting value instead or providing it.

They live on a different planet (mentally) and are way too far away to even bother with.

Save your time and energy for the people who want to learn.

Even a response like this (very well written btw) falls on deaf ears.

It's maddening.