1. Empirically, records whose issuers pay nothing to their holders are worthless.
Incorrect.
In your mistaken opinion, records whose issuers pay nothing to their holders are worthless.
Empirically, some records are worthless (such as your example of a Bond), and some are not worthless (such as a record in the Bitcoin Blockchain which provides control over value)
2. You're not able to sent my poop to me. Does that mean my poop is valuable?
Try reading what he said again. He didn't say that it was valuable because it couldn't be sent. He said that it was valuable because you can't gain value by trading it for something valuable. If you trade your poop for something valuable (such as $1), and you lose value, then clearly your poop had value (more than $1 worth of value). If you trade your poop for something valuable (such as $1) and you gain value, then clearly your poop had less value than the thing you traded for ($1).
3. There's one theory called "The greater fool theory". This theory doesn't implying people are fools but that they act like fools. Similarly, I am implying that you act foolish and not that you are fools. Acting foolish and being a fool are two entirely different things.
Greater Fool Theory is a theory that
ALL items of value (not just Bitcoin) get their value from the expectation of the buyer that they will be able to sell the item to someone else later at a higher price.
If you are a believer in Greater Fool Theory, then you already believe that the value of gold comes NOT from any intrinsic value of its utilization, but from the fact that buyers believe they can find a "greater fool" to buy it from them for a higher price. You already believe this of ALL items of value (that the value comes not from anything intrinsic or inherent in the item, but rather from the belief that it can later be sold for more than was spent to buy it).
1. I am not making an argument. I am stating facts.
You are sharing an opinion that is based on false beliefs.
The fact is that if a particular financial record such as bond, pays nothing it is valueless.
Ok.
Bitcoin is also a financial record.
I thought we already reached an agreement that Bitcoin does NOT fit your definition of Financial Instrument. I thought we were making progress. Now here you are reverting back to false statements. It's almost like you are so fixated on distributing nonsense that you are unwilling to learn to remember what you've said in the past.
It is not a good that you can eat, drink, put on your finger or edit text with it.
No, I can't eat, drink, put on my finger, or edit text with it. However, I can't do any of those things with a car or a house or a piece of land either. There are more ways to utilize something than your short list.
It is simply a database record. A record that pays nothing,
Bitcoin doesn't need to pay anything. It isn't a Financial Instrument. We've already established this. Furthermore, it is valuable. It contains value in its existence because it can be used to satisfy wants. Maybe not your wants, but certainly the wants of others. Perhaps try opening your mind to the idea that there are people that want different things than you want.
So empirically, Bitcoin is not a good to have value through utilization or consumption.
Again false beliefs.
Bitcoin IS a good that has value through utilization.
Bitcoin pays nothing to have value as a classical financial instrument.
Because it is NOT a classical Financial Instrument.
Bitcoin is simply a worthless record that you transfer from one virtual address to another.
It is not.
You bitcoiners have been purchasing this worthless record for thousands of dollars and now you try to rationalize your irrational behaviour by simply declaring bitcoin valuable.
Or perhaps, you missed out on the opportunity earlier to see Bitcoin for what it actually is. You are now bitter that those that saw the potential have benefited from that foresight, and you are rationalizing your lack of foresight by simply declaring bitcoin worthless.
You are just repeating the mantra "Bitcoin has value". That's all.
You are just repeating the mantra "Bitcoin is worthless." That is all.
You deny the concept of value and try to give value to bitcoin by declaration.
It is you that is ignoring the concept of value and attempting to make bitcoin worthless by declaration.
2. E-mail that contains a single letter and mp3 file containing "bip" sound, can be sent electronically as well. So? This doesn't give them value.
It does if it is something that someone
wants and something that is
difficult to acquire.
Value is something that is inherent to a thing itself.
False. Value is assigned by humans based on their current wants and needs. A thing has no value inherent to it until a human wants or needs it.
It doesn't magically emerge when you transfer that thing from one location to another.
No. It magically emerges when one or more humans decide that they want or need it. A random painting by a random two year old child, has great value to the parents of that child, and nearly 0 value to most of society. A painting proved beyond doubt to have been created by Leonardo Davinci, has great value only because society desires it. Both are paintings, and yet value to society has magically emerged on one and not the other.
Purchasing a record, that pays nothing and that can't be consumed or utilized like a good, for thousands of dollars is the definition of acting foolish.
And purchasing Bitcoin, which can be utilized like a good, for thousands of dollars is perhaps the definition of acting wise and prudent.