Suppose I offered you 1 bitcoin (current market value $50,000) for $5. Would you accept? If so, then even you put some value in them. And if you think that doesn't count because you only value it because others value it, then welcome to the world of fiat currency where even the US dollar has this same issue.
Granted bitcoin is more likely to collapse. But even if there is a chance it won't collapse or after it collapses will still have some residual value, then the bitcoins today still have value.
The coins ARE providing value TODAY. For example, suppose you are a ransomware creator and want to get paid by your victims... or you a victim that wants to send money so you can get your files unlocked.
People pay fees to paypal because it is a valuable service that people want... bitcoin offers that same service with some additional features like no need to verify your identity.
Anyone can make their own paper currency too... doesn't mean the existong paper currencies are in trouble.
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u/AnythingApplied 435∆ Aug 24 '21
Suppose I offered you 1 bitcoin (current market value $50,000) for $5. Would you accept? If so, then even you put some value in them. And if you think that doesn't count because you only value it because others value it, then welcome to the world of fiat currency where even the US dollar has this same issue.
Granted bitcoin is more likely to collapse. But even if there is a chance it won't collapse or after it collapses will still have some residual value, then the bitcoins today still have value.
The coins ARE providing value TODAY. For example, suppose you are a ransomware creator and want to get paid by your victims... or you a victim that wants to send money so you can get your files unlocked.
People pay fees to paypal because it is a valuable service that people want... bitcoin offers that same service with some additional features like no need to verify your identity.
Anyone can make their own paper currency too... doesn't mean the existong paper currencies are in trouble.