Bitcoin - Page 2

On February 17 2015 19:05 Santafairy wrote: Show nested quote + On February 17 2015 04:21 diggerflopboat wrote:   okay just suppose hypothetically that i knew someone who thought that fact wasn't obvious, can you give me a way to explain it to them? Its revolutionizing every system our civilization has, starting with financial. Observe. why does it have intrinsic value though?

You are just repeating your question after already getting your answer:
http://dictionary.reference.com/browse/intrinsic

belonging to a thing by its very nature

It is the most valuable thing on this planet and in our society. You don't know what it is, you don't know what intrinsic is, you don't know what you are asking. I cannot teach you these things I don't have time. You must study and learn for yourself, not live as a skeptic but SEEK! But whatever you do, don't keep asking the same question repeatedly, because you was ALL of our time!

Stop making silly arguments and LEARN!

i'm not an expert in the nuances of BS in philosophical literature but it seems to me something with intrinsic value would be like wood which you can use to make fires and build houses, or flour which you can use to make delicious food, or fresh water. but something with conditional value would be like a currency which is an abstract construct and only has value insofar as people share it and exchange it for other things. or do you also think USD has intrinsic value? what's a characteristic about bitcoin compared to any other crypto currency that makes it so valuable? the fact that it's more popular? you think that's an intrinsic property?

actually mercy I surrender, I'm sorry for being skeptical, I learned for myself and now I understand, bitcoin is the most valuable thing on the planet. I mean really, come on dfb

On February 18 2015 19:57 Santafairy wrote: i'm not an expert in the nuances of BS in philosophical literature but it seems to me something with intrinsic value would be like wood which you can use to make fires and build houses, or flour which you can use to make delicious food, or fresh water. but something with conditional value would be like a currency which is an abstract construct and only has value insofar as people share it and exchange it for other things. or do you also think USD has intrinsic value? what's a characteristic about bitcoin compared to any other crypto currency that makes it so valuable? the fact that it's more popular? you think that's an intrinsic property? actually mercy I surrender, I'm sorry for being skeptical, I learned for myself and now I understand, bitcoin is the most valuable thing on the planet. I mean really, come on dfb

You don't understand what you are saying here but in the future you will. You don't understand bitcoin, and you have to learn about it in order to understand it.

I'm not an idiot because you haven't done your homework. Do you notice I have read the literature and I understand and you have not read the literature and you don't understand?

Is it intelligence to argue about things you know nothing about? I am asking you to not argue but learn!

You are spending time in your life arguing about things you dont understand. Think about your mentality here...

any idiot can argue

User was warned for this post.

Santa I'll meet you halfway. By what you mean to point out perhaps bitcoin has no intrinsic value. But I mean to say in today's reality, our economic climate of Keynesian and central banking, btitcoin plays the roll of stabilizing our economies in relation to our currencies. So the giant inefficiency that we have grown over time and especially in the last 100 or so years.

So I don't mean to break your definition of intrinsic. I mean to point out because there is the "need' for some thing that can harness the value of this inefficiency there is a kind of Intrinsic value. Bitcoin might not be valuable on mars, or 200 years in the past or future. But in this reality is come with a natural value because our economy is so f-ed.

Thats what I mean. If it doesn't fit your definition of intrinsic i understand, but its not so relevant you see?