Why? BTC is not just worthless, it has negative value due to how much electricity it takes to securely mine new blocks.

pawelduda 26 minutes ago | parent | next [-]

It's worth around 85k USD at the time you wrote the comment

jksmith 5 hours ago | parent | prev | next [-]

Did you read the paper? There exists a technology that has purely enforceable property rights. What is that actually worth? I don't know.

Yeah yeah, I've read the arguments about liquidity issues, shutting down the rails, making it illegal to trade, etc. but that's beside the point and depends on a thousand future variables to play out. So I don't know if btc will make it or not, but I do know property rights mean everything to humans. They literally determine whether not one is a slave (I am my own property). So just the ability to have a technology enables pure property rights to a world where nobody really has enforceable property rights over anything seems pretty interesting to me.

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nradov 5 hours ago | parent [-]

Property rights are enforced with guns.

	▲	logicchains 4 hours ago \| parent [-]
		That's why Monero is superior; no amount of guns is going to help somebody steal property that they don't know you have.

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ravenstine 4 hours ago | parent | prev [-]

That's like saying cars have negative value because of how much oil it takes to run them.

	▲	pcthrowaway 4 hours ago \| parent \| next [-]
		Cars have the benefit of transporting humans and goods around. It's more like saying a hypothetical car which moves itself by using gasoline as a propellant rather than fuel for its combustion engine would have negative value. Sure, using fuel (of all things) for propulsion would be one way to move a vehicle, but it would be inefficient by design. Bitcoin, at least, was created during a time where there was no alternative to security-by-inefficency, but PoS and other consensus mechanisms are pretty battle-tested now
	▲	standeven 4 hours ago \| parent \| prev \| next [-]
		But cars are useful.
	▲	johnnienaked 2 hours ago \| parent \| prev [-]
		Diminishing value certainly it's called depreciation