Bitcoin is…

• saving without permission

• money that protects your time + energy

• money you can trust not to change

• a peaceful opt-out

• certainty in an uncertain system

That’s an oversimplification.

Everyone decides what money is valuable to them.

For many Bitcoiners, fiat simply has less value.

It seems the trend is to start a podcast if you want to be heard. People selling stuff starting podcasts, comedians starting political podcasts just to sell their comedy, and ironically they are better at the political commentary than the comedy …

To sell stuff, start a podcast.

- captain obvious

Over and out

Yes, assets such as gold can have some of these features too. But its hard to move around large amounts of value in gold across borders. And difficult to protect in self custody.

What other assets have some of the same features as bitcoin?

I suppose Bitcoin doesn't have value in terms of creating something physical. Gold silver can be used in producing physical products directly. So then bitcoin wont have value in this context. But it would be short sighted to think something only has value if it produces physical products.

What mstr is doing in producing yield would be creating value for bitcoin. But once again not direct.

Kind of feels like going round in circles in your head, asking whether bitcoin has value in the way you asking. Might be a pointless question. The affect bitcoin is having and will have is pretty clear.

I suppose Bitcoin is just code. So it might be better to compare Bitcoin to any piece of software. eg. Microsoft windows which runs because of code. What value does Microsoft operating system have? Based on how you asking the question, Microsoft operating system would also have no value, but its affect is quite opposite. How people interact with it is what creates the value. and what people can do because of it, is what creates the value. Bitcoin is the same.

Yes, assets such as gold can have some of these features too. But its hard to move around large amounts of value in gold across borders. And difficult to protect in self custody.

What other assets have some of the same features as bitcoin?

I suppose Bitcoin doesn't have value in terms of creating something physical. Gold silver can be used in producing physical products directly. So then bitcoin wont have value in this context. But it would be short sighted to think something only has value if it produces physical products.

What mstr is doing in producing yield would be creating value for bitcoin. But once again not direct.

Kind of feels like going round in circles in your head, asking whether bitcoin has value in the way you asking. Might be a pointless question. The affect bitcoin is having and will have is pretty clear.

I suppose Bitcoin is just code. So it might be better to compare Bitcoin to any piece of software. eg. Microsoft windows which runs because of code. What value does Microsoft operating system have? Based on how you asking the question, Microsoft operating system would also have no value, but its affect is quite opposite. How people interact with it is what creates the value. and what people can do because of it, is what creates the value. Bitcoin is the same.

These “features” are available in various degrees in other “assets” , so taken a step back they are not entirely unique and therefore don’t necessarily provide value.

It’s true , some may attribute a value to a feature and appreciate it. However, does this make these the true value?

It’s not really up to me to define what is meant by true value, as which is why the question that I raised, is quite simply what is the true value of Bitcoin, I’m quite literally asking what is the true value.

The answers I receive seem to be nothing more than features and benefits , which even on the most superficial questioning , most it seems are unable to dig any deeper.

Maybe this is the case, that there is no real true value to Bitcoin and it is just nothing more than a protocol and software system with a list of benefits and features. Hence my question

Consumer culture at its finest. It's Jan 1st. The shop isn't open. The service they offer is already the best for this year.

I agree, these bitcoins "features" make it extremely valuable. I feel confident my wealth can't be forced from me, not stolen easily, I can move anywhere in the world and still have access.l to my bitcoin relatively easily. Transactions can't be censored. In a world where we can't move money easily in traditional banking system, or in a world of debanking, this is extremely valuable.

nostr:nprofile1qqswcep08zl7734t00xmtt4pmnwf3j3qew6va3l6zpnv47a44zc8qzqpremhxue69uhhyetvv9ujuargwfjk2mnfdejjuum9wfmxjcm9wvq3gamnwvaz7tmjv4kxz7fwv3sk6atn9e5k7qgkwaehxw309aex2mrp0yh8qunfd4skctnwv46qdakmg3 you will need to define what you mean by value. In my mind the features give bitcoin its value.

I say its up to the individual to determine its value for themselves

Here we go. Bitcoin has no value. I should have never even commented on your comment. Hahahahahaa

I value what I said more than anything else. Why do you think people put their money in Bitcoin? It's because of what I said in that statement. That's the true value of it.

The real value of Bitcoin is that

You need my 24 words to access my Bitcoin, and you cannot stop my transactions. That's the value of Bitcoin.

No. Humanity has proven time and again, it can’t be trusted to control and exercise authority ourselves. It is somewhat naive to believe we’re capable of inventing a technology to do so.

We can’t control and manage systems and algorithms we’ve built and designed. Unable to ensure they are free of corruption and unintended consequences. How one could possibly think that somehow an “machine” is going to do it any better.

Would you support an AI running the government?

In this scenario all planning / support positions that can be eliminated would get instantly eliminated. With many more possibly gone quickly.

Assume the most “fair” AI. Won’t go into details of how that’s determined but just imagine we picked the best one for the position.

#asknostr

I remember walking through a Sears something like 10 years ago. Even at that time you could tell this company was on the way out. The store looked eerily depressing, a ghost shell of what one was. I was struck with a memory of Sears in the late 90s when it was actually still somewhat alive with customers. Kind of surprised there are still ANY remaining stores. Thought they would have been all closed by now.

GOD consistently says: “do not be afraid”

Anyone else have a tradition of cleaning the whole house before new year?

The UK prints its own money, hence IMF bailout would never happen. Don’t believe the hype.

Baller.

I already described it …

The payload is signed by the author therefore if you trust the author you trust the payload

whenever I read about decentralizing mining with current non miningfull nodes I scoff inside.

And here's why in numbers:

Assuming around 23,400 reachable full (non‑mining) Bitcoin nodes, if each ran typical server-grade or GPU/CPU-based mining hardware delivering ~50 MH/s (0.00000000005 EH/s per node), their combined hashrate would be roughly 0.0012 EH/s—practically zero compared to the real Bitcoin network's ~1,008.6 EH/s

CoinWarz

. In contrast, if each of these nodes instead deployed an open‑source Bitaxe Gamma unit—which delivers around 1.0 to 1.2 terahashes per second (TH/s) per device

bitaxeshop.com

DTV Electronics

—the total would reach about 28 to 28.1 EH/s, still only ~2.8% of the current network hashrate.

Conclusion: Even if every full node ran a Bitaxe Gamma, the total would be a modest fraction (~2–3%) of today’s network power—not enough to meaningfully impact or decentralize the overall hashrate.

Men will have a million in Bitcoin, but still live like this.