HomesteadHodler on Nostr: I think the only things that have “intrinsic” value are those things which ...
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
Published at
2024-03-10 17:54:06Event JSON
{
"id": "717540cc1fe78e338dc84997d6dd870a369ff4d6c9584bf0cf7baa5bbf0ec5c6",
"pubkey": "cb8e2e9fa66212a1d2380262f36ec697b0075d82ff8e58535e770d00b2c3ed3d",
"created_at": 1710093246,
"kind": 1,
"tags": [
[
"e",
"c39df33b0efe27bfc975579059ca0eef7e2d6aecc5aa302381c7d41f2a9c94eb"
],
[
"p",
"c4eabae1be3cf657bc1855ee05e69de9f059cb7a059227168b80b89761cbc4e0"
],
[
"p",
"9c86636aad1f1c233326cba4acc90fe04c1f126daee3df2c8908631487e23f12"
]
],
"content": "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. \n\nAll 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. \n\nThat’s my take on the whole “intrinsic value” “what’s it backed by” debate",
"sig": "46cf2267dfde4e93344ab7630ff6135ec939ad0398473998f36cf54b34cde8cbc9bd55be6b590ef30427b27a0812f53777c32edd5c224583c60ba2c8601d0f49"
}
