bitcoinmasterlord
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July 13, 2015, 10:56:52 PM |
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Bitcoin has no inherent value. Cost for creation and time doesn't matter as long as bitcoiners wouldn't believe bitcoins are worth what they are. Take that believe away and they are worth nothing. So these two answers doesn't matter really.
It's different from other things like bread or something that has a value outside of being a currency.
food and stuff like that have not an intrinsic value, they are only mandatory thing, which i find it to be different, in reality nothing has a real intrinsic value because, everything is only backed up by demand everyhing is relative, for example for a robot foods is useless and thus it has no value at all Though it's a difference. If you have bread then you can eat it in worst case. When you have bitcoins and no one wants them then you have nothing. The same goes for fiat paper. Things you need for your life, like things to eat, have a value in it's own. You don't need to sell them, you don't have to care about someone wanting it, you can use it for yourself. they still have a relative value, not an absolute value, nothing has an absolute value, and with bitcoin if you think about it it's actually the same you can build something on the blockchain that would help to speed up your activity, if you need to move information to another side for example Yes, a relative value. But that value is given to them because they act as a currency. Sure, bread is worthless to some maybe, but its worth is not lying in the believe that it's worth something. It's really worth something, it's independent from what others think about what it's worth. Bitcoin only has value because others believe so. So the value of bitcoin is given to them by believe. Other things though have a value that is independent of believe. And the blockchain is bound to bitcoin. Without bitcoin the blockchain would stop to exist. It wouldn't matter anything anymore if it cost money and time to create bitcoins. It can be simply proven by checking out certain altcoins that dropped dead. No one cares anymore that they should have value because someone put work into it. If one would go with that argument then someone could build a house of mud and claim it has to have value since he worked 3 hours on it. It simply doesn't work that way.
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pigzone
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July 15, 2015, 11:12:55 PM |
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Of course it does its worth real money
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Amph
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July 16, 2015, 08:05:03 AM |
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Of course it does its worth real money
so if it was not tied with fiat, you will not think that it has a real value? value isn't based on how much bitcoin is worth in fiat, but on how much people will use it for their normal day activity
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AtheistAKASaneBrain
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July 16, 2015, 12:20:09 PM |
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Of course it does its worth real money
so if it was not tied with fiat, you will not think that it has a real value? value isn't based on how much bitcoin is worth in fiat, but on how much people will use it for their normal day activity Value is always tied to something else. If no other currency ever existed than Bitcoin, then the value would be derived from what people is offering for X good or service, which is true value. Currencies in itselves don't have any intrinsic value, same for metals.
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pigzone
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July 16, 2015, 04:35:57 PM |
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Ya everything has a value
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scarsbergholden
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July 18, 2015, 10:48:41 PM |
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For humans is easy to question value, what would happen if the earth did had free air to breath ? everyone would die right so why dont we value the air we breath and pay the government for it we are already paying for the water if we keep leaving in this system they are trying to control us with.
so if air gives value to life then anything that we create has a value .
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Possum577
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July 18, 2015, 10:56:27 PM |
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You shouldn't allow people to vote more than once, it'll skew your findings.
Bitcoin, like every currency, metal, or item that has been traded in the history of humans has value ONLY because people assign it value.
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aakashsangwan
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July 27, 2015, 05:45:06 PM |
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I also think btc has a value and real value. But you should add more options to the poll.
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n2004al
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September 28, 2015, 01:37:06 PM |
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I think bitcoin has value. A real value ....... & u The concept of real value is questionable. In the meaning that the value is defined having in mind from which point of view we are discuss. A me like the concept which is based to the market. So the real value of something is the value that this thing has in market. In this kind of view bitcoin has without doubt value (even great value). One bitcoin worth in this moment that I am writing 237 us dollar. This is an enormous value if we have in mind the value of us dollar compared with all the other currencies. So it is very important to have some bitcoins in your wallet and trying to increase those as much as you can.
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richardsNY
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September 28, 2015, 01:44:29 PM |
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As long people are using power and invest their hard earned cash in hardware, Bitcoin obviously has value.
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actmyname
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Spear the bees
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September 28, 2015, 01:55:05 PM |
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The people create the value of Bitcoin.
Supply and demand - the basics of economics.
Only if Bitcoin is used, then it will have value. Otherwise, it's just like collecting dead rats and trying to trade them at the supermarket.
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Raimonn
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September 28, 2015, 05:33:44 PM |
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People interest in something creates its value. There is an increasing interest in Bitcoin. Some university have credits on bitcoin, lot of new startups working in bitcoin projects ....
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Fatov
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September 28, 2015, 05:36:02 PM |
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Voted! BTC have actually a big value The value was made by us People that use bitcoin,so simple.
I think the same, price will be higher, but not soon
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Miss Fortune
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September 29, 2015, 06:56:51 AM |
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I think bitcoin has value. A real value ....... & u I think biticoin like any other currency it has its own value, and it depends on the economy whether the value of it will rise or fall.
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mordekaiser
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September 29, 2015, 08:08:27 AM |
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I think bitcoin has value. A real value ....... & u Of course it has but not as stable as it is but it has value just like any other currency has value it may rise and fall it depends on the economy I guess.
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