28-03-2023, 12:32 PM
Also it's completely fair to ask Why people value something. For instance if people value 18 year old hot girls, we don't stop and say: "That's how it is, deal with it. The market has spoken."
It's possible to further elaborate why they value them.
So in the case of Bitcoin, you can't simply say: "It is valued because it just is."
It's completely legitimate to investigate why.
And I submit to you that 100% of the reason anyone is into crypto, is that they plan on getting rich.
So don't pretend it has another function, 100% of the reason is to resell it at a higher price.
And when that is so, the market is illegitimate and empty. You can't simply trade the same token around and expect new value to be created.
It's possible to further elaborate why they value them.
So in the case of Bitcoin, you can't simply say: "It is valued because it just is."
It's completely legitimate to investigate why.
And I submit to you that 100% of the reason anyone is into crypto, is that they plan on getting rich.
So don't pretend it has another function, 100% of the reason is to resell it at a higher price.
And when that is so, the market is illegitimate and empty. You can't simply trade the same token around and expect new value to be created.
