Quote:
Originally Posted by ithos
I think your reasoning is overly simplistic.
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Nope, your history just proved a belief system of value, 90% of which was in the agrarian age without anything from the industrial nor technology age. Because of its color and easily malleability, people believed it was valuable. Silver has very similar properties in the agrarian age, but was never given any such valuation by humans as a collective. color maybe? especially in the agrarian age where lighting was fire or solar only
There was a short lived belief system in tulips as well. What back it? just a belief system in being wealthy
So the belief from an old, completely different age, which people today can't relate, continues, and is being challenged in a completely different age by a new belief.
BTC is now a new belief system in something of value from a different age, the technological age. One can buy and sell gold with a belief system in technology and storage. Luddites I think that one of the Bills call those don't believe in any change, like some religions.
Still the same with bitcoin. . you can buy and sell it with a belief in technology system.
You as a human, judge and value everything from your individual belief system. No different, especially when the concept of wealth is conceptually linked with monetary amounts.