What is "value?" Simply put, value is a derivative of time.
What is #bitcoin? Simply put, #bitcoin is a digital shard of time that can only be broken free using pure energy.
#Bitcoin does not have intrinsic value. It IS intrinsic value.
Building on nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle brilliant Atlantis presentation.
I think the only things that have “intrinsic” value are those things which prolong life (e.g water, food source, sunlight, etc.) and everything else only assumes the value we put in it.
All life wants to preserve energy and thus we assign value to Bitcoin because it preserves our energy for the future without that energy being stolen from us from others.
That’s my take on the whole “intrinsic value” “what’s it backed by” debate
Agreed. I think "intrinsic value" is an imprecise attempt at describing those things that prolong life (i.e. gain you more time) either individually or for your genetic line.
That depends on circumstances. Sometimes a gun is more life prolonging than water or sunlight. Sometimes water or food can be life THREATENING (i.e. drowning, morbid obesity). Their relationship with time is what determines the value they hold.
