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The Reason that BITCOIN Has Value is Because... + get 100SP delegated to you by commenting~ by ddangerwu

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· @ddangerwu ·
$433.13
The Reason that BITCOIN Has Value is Because... + get 100SP delegated to you by commenting~
Hi all,

How often do your friends and family ask you why is bitcoin worth so much? well, if you agree with what I've said you can now tell them this is the reason. see below video:

https://youtu.be/-rr68GfSC8o

--------------------
Now that you've watched the vid, what did you think? I want to do my part to fight spam and promote insightful comments/discussions. I read every comment and value your feedback. Write something and I will pick the most insightful comment to delegate 100 Steem Power to you for a week. 

**You may earn curation awards using my STEEM manually OR use a service like [SmartSteem](https://smartsteem.com?r=ddangerwu) to vote automatically for you. Just click "sell your votes" button, log-in/authorize and you are set~**

Last post's winner:![Screen Shot 2018-02-22 at 8.43.45 PM.png](https://steemitimages.com/DQma1qXCg8uCo3tiGF2SjCmcsgpbfbDxLRBe4J2P9Dwsg7H/Screen%20Shot%202018-02-22%20at%208.43.45%20PM.png)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 409 others
👎  ,
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@abdallahmohammed ·
good job friend
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@abudabor ·
i liked that, i followed 
![](https://steemitimages.com/DQmZ6KdJH45uMWVYeVZEqYyBHg1k6iziyqhrJjNU5gtJksE/image.png)
👍  ,
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@make-it-matzke ·
Like for a like? Follow for a follow.. I liked and followed. Lets spread this love!
👍  
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@acmanigos ·
OMG... Wow.
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@adam24fender ·
Sooner or later the value should stabilize, it cannot go up or down forever
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@alltech ·
Thanks for the information, i think thats one of the reason why bitcoin exist and growing. To get more freedom outside of this capitalist System.
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@anarchistwisdom ·
$1.76
bitcoin has no intrinsic value. It, like all forms of currency, has value because people pretend it does
👍  ,
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@j3dy ·
I would vote for you, but last time I didn't agree with anarchyhasnogods, so do you think a anarcho-socialist is a thing, do you think it's adequate to both be for and against state power, how do you think that'd balance out
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@anarchistwisdom · (edited)
$1.44
let me sum it up.

"Anarcho capitalism" is not a thing, the most common form of anarchist is socialist
👍  ,
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@anarchistwisdom ·
$1.38
social anarchy is not for state power. Private ownership of the means of production can't exist without a state. Social anarchy is based on collective control of the means of production
👍  ,
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@orgoniteog ·
yes and its high now because of the demand of how company and big business is implanting it into their system because of a mass public adoption of online users
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@anonimous ·
Lot's of things are giving value of bitcoin, if shortly: first and most important thing is that btc has limmited emision, second one - miners who are paing real money for electricity and hardware,combine it with unfalsifiable blockchain - that's Bitcoin's value
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@applelex ·
$0.36
Bitcoin's price is holding up because its popularity...so many platforms now coming online and have better tech. Than bitcoin :))
👍  
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@appreciator ·
<p>This post has received gratitude of 35.49 % from @appreciator thanks to: @ddangerwu.</p>
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@arcange ·
Congratulations @ddangerwu!
Your post was mentioned in the [Steemit Hit Parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20180222) in the following categories:

* Comments - Ranked 8 with 216 comments
* Pending payout - Ranked 5 with $ 461,88
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@armadillocreek ·
Wow....

I dont think i have ever had something explained so well to me. 

Crypto is the future and you provided the best example of how it will change the world. I think its revolutionary that we are moving to an open platform like this that gives power back to people. Thank you so much for your great insight!
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@asaduzzaman111 ·
Very good post, informative post thank you! @ddangerwu
👍  
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@asaduzzaman111 ·
Good job
👍  
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@aslimboy ·
Very informative. Bitcoin the first coin that introduces us what blockchain can do.
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@awakenbusiness ·
To me the value of bitcoin is in how it democratizes currency. If you think about it, there is currently just one idea behind most fiat currencies, which is that they benefit government interests. If you work to serve the governments interests, you are given lots of currency and institutions to help you trade and multiply your stockpile of currency. 

But if you don't serve the governments interests, you aren't even given enough currency to buy food or shelter. And god forbid you actually work to do something the government doesn't like the idea of!

So with bitcoin, we have all the people able to sort of vote on what they think the value system behind currency should be. Bitcoin is the standard bearer, opening the way. Other cryptocurrencies even further democratize money. This is a good thing. We don't all have to agree or trust each other. We can still share prosperity among one another that is from human to human out from under the tyranny of governments.
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@benbryant ·
Bitcoin has value because people are willing to pay for it. It’s that simple.
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@benihvisual · (edited)
this is a good technology but many people who are there do not understand
👍  
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@bigtakosensei ·
Thats real, a lot of the value I see shared in crypto outside of the speculative stuff is an exchange of appreciation or a show of gratitude in a way
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@bitcoinbandittn1 ·
Good Video
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@bitcoindata ·
(y)
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@bitgeek ·
comment
Congratulations @ddangerwu, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 1651 and the total pending payments to posts in this category was $13350.10. To see the full list of highest paid posts across all accounts categories, [click here](www.steemit.com/steemit/@bitgeek/payout-stats-report-for-22nd-february-2018--part-i). 

If you do not wish to receive these messages in future, please reply stop to this comment.
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@bloorinvestor · (edited)
Bitcoin is gold 2.0. It is store-value, like gold. Gold was just a piece of metal until people agreed to give value. Just like gold connecting different fiat currencies and economies, Bitcoin will grow with more and more people agreeing on the value and act as primary bridge between the fiat currency/economy to digital-crypto currency/economy. Value of Bitcoin is, opening/gate to new digital generation.
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@boomthrive ·
Wow this is an insight!!
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@brandonp ·
$1.32
To me, Bitcoin has value because there are people who believe that it has value.  Bitcoin is simply a placeholder for value much like a US dollar has value.  A US dollar is a contract between two individuals that agree that that dollar has the same value and that contract and agreement give that dollar its value.  If someone believes that a US dollar has value, then inherently they also believe that Bitcoin has value.
👍  , , , ,
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@hsigotcrypto ·
What you are saying is any currency not just the USD. The contract between two individuals is that they agree that this currency is what is perceived.   After that its the banks that make these two people believe that this value of this currency is what is on the note ie.100 dollars.  The banks are then backed by the governing country, in your case the US government, The USD is the faith of the American government and the economy which is backed by all the US banks which is back by the Federal Reserve.
👍  ,
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@j3dy ·
which prints money out of thin air, then the banks distribute to people so they can produce and consume more goods, ending up with where we are wasting electricity making bitcoin transactions :D 
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@brianphobos ·
Bitcoin is backed by electricity and computing power.  It is worth whatever someone is willing to pay for it.  It is the Neo in the Matrix and the governments are Agent Smiths.  

It has value because it creates balance, is rare, powerful, and no one can stop it!
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@bunnychum ·
$0.35
@ddangerwu One question that bugs you every time, when start talking about Bitcoin... Nice explanation... 

What would you say to the idiots, who keep on emphasizing that bitcoin will be eaten out by Chinese People, People who made their opinion on something, they just don't want to listen to you, I believe...
👍  
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@bunnypuncher ·
Finally some one to explain this clearly and in laymans terms.  Great post and I love the response you are getting from the community.
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@californiacrypto ·
$0.16
I really like your point of view for the use of bitcoin and other crypto currency with the wikileaks situation and I completely agree with you. 

The maijuana industry could really benefit from the use of cryptocurrency as growing and selling marijuana are, like using it, legal under Colorado law. But banks tend to take their cues from the federal government. Not only does selling marijuana violate federal law; handling the proceeds of any marijuana transaction is considered to be money laundering. Very few banks are willing to bear that risk.

With millions of dollars coming in everyday and more and more states legalizing marijuana where is all the money going to go when bussiness owners cant have a bank account due to contradicting state and federal laws. 

This is just one use case.
👍  
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@camaj ·
Very helpful. Thank you for sharing. I resteemed it.
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@ccnew ·
Very simple @ddangerwu: 
It is decentralized and giving life to some Anonymous Altcoins.
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@ch1stmblktrds ·
The value is what we all collectively agree it to be. Awesome!
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@channelclipz ·
I like this post and also the time it took to create this post as well with that being said when I watched the video i wanted to know what others may think of bitcoin i recently shared steemit and dtube and dlive with a friend of mine who is getting hit hard with guilt over his channel on Youtube which is pandering to the networks rich get richer but hey  i like your analogy of the prison metaphor. Thanks for the insightful video well done!

I like the use of bitcoin better than making $0.2 per video on Youtube...
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@charella ·
I'm just beginning to understand what cryptocurrency is all about and this is one educative and insightful post. Just like every coin, there are two sides. the value of bitcoin don't just rest on its monetary weight but the freedom it gives users without restrictions from regulating bodies. It signifies currency emancipation.
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@cicbar ·
$0.61
To be honest, I don't see Bitcoin as everyday payment system for small things, like cup of coffee. High fees at moment are not reason for that, I believe that BTC developers will solve this with LN or some other thing.
Problem to buy coffee in my view is because price is too high and it will be higher in future.

At moment of writing 1 USD is 0.000108785 BTC. It is not ease to put all those zeros when you are buying something and it will be more zeros if price go higher. I think that average user don't want to do this and there are other cryptos for small payments. You can still pay for cup of coffee with BTC if you have Bitcoin VISA or Mastercard but this is not Bitcoin payment, that is fiat payment after card provider convert your BTC to fiat.
Maybe Bitcoin price in Satoshis can solve this and I have herd ideas for that but I don't think that it will be easy to implement that.

My view of Bitcoin is that it is best store of value and payment system for transferring large amount of money and buying expensive things like houses, cars,etc...

Somebody can ask why BTC, why you don't use some other cryptocurrency for that?

Reason is simple, BTC is most decentralized (not as I would like) of all, it's brand is well known around the world, and it doesn't have leader that you can influence on.

Satoshi's leaving is best thing he could do for BTC dough he's tech skill would be useful for sure and it wouldn't be more pronounces of he's vision that I hate a lot.
If he is around somebody(governments, many bad people) could force him on something, so this what he did is best for Bitcoin and him.

And use case for uncontrolled, free money transfer is huge.
Imagine how rich people from Russia felt after USA and EU put sanctions and froze all money that they have in foreign banks.Nobody want that he's wealth depend on some government's will. With Bitcoin you don't depend.

How would Julian Assange defend himself without BTC? They froze all his assets but BTC they can't.

Swiss banks were forced to open their accounts after 2009. crisis and now Credit Swiss, one of their biggest banks is not profitable for last 3 years. Why would you keep your money in Swiss banks if you don't have any benefit comparing to other banks.
So there are Falkon private bank and Vontobel bank, who firs have aloud keeping bitcoin on account and I am sure that more Swiss banks will follow that.

As a store of value I agree with opinions that you can't just HODL, you need to spend that BTC have value. There is more and more houses bought with BTC and as I wrote, BTC is perfect for buying expensive things. Again story with zeros, it is easier to pay 107 BTC than 1000000USD.
👍  , , ,
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@whyse · (edited)
$0.40
People just need to get used to BTC. Just as they are used to these exchange rates:
![](https://steemitimages.com/DQmXC8BLS795AyKEYLYFsAPfgUecXsmx47X4rscEGMHBpLm/image.png)

Technologies as lightning network and/or segwit will solve the high transaction costs!
👍  ,
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@computer-geek ·
Thank you for posting. Very informative. Learned alot. I always had this question in mind.
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@cortexx ·
$1.53
**After the economic collapse about a year 2009, Satoshi Nakamoto created a new currency that suppose to be a medium of exchange without the Government, banks and any other third party involved in transactions, in other words it's peer to peer transfer of value via decentralized blockchain**. Before, it was easy and cheap to transfer bitcoin to other person, but today it's a bit harder, longer, and expensive due to it's scalability and scarcity supply of bitcoin(21m) that leads from a crypto currency to sort kind of commodity that will exist forever unless you turned off all the Internet around the world, and that's why there's a value to it at the same time it serves as a hedge against incoming economic collapse.
👍  , ,
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@crypto-n-custard ·
$0.83
this is a very insight video... thank you... FREEDOM is the right of all sentient beings
👍  
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@crypto-noob ·
Because it removes the power from the old financial institutions that have dominated the world for almost 400 years!

Power back into the hands of the people. More dencentralisation = More Power to the People.
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@cryptogainz ·
Don't miss out on you'r free cryptos! join now and receive free cryptos for joining!  https://discord.gg/thru4CE  https://discord.gg/xetDXkf
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@cryptohawk1 ·
Simple yet profound! Of course any quantitative measure is off base when examining the question in this paradigm. I believe the value is what we ultimately use it for and the results of these efforts. What is the value of money? Is it the root of evil or our wings of freedom? Perhaps both, and so BitCoin is worth all the potential of what it can do good and bad. In that sense, it's priceless. 🔮🧙💫

PS I love your video, very thought provoking. I would also like to watch it on Dtube if you were to post it there! 😉😉😉
👍  ,
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@cryptomonitor ·
Please support STEEMER.NET project for STEEM on latest presentation post here https://steemit.com/adsactly/@cryptomonitor/steemer-net-project-new-steemer-net-presentation-ui-new-tools-part-1-22-02-2018 Thank you !
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@cryptoprofessor ·
You said it right there @ddangerwu. Bitcoin represents freedom. Freedom from the governments and banks that have enslaved the entire population for thousands of years. You can't eat it and you can't sleep in it but it can buy you freedom.  This is just the beginning. You know, the impact of Bitcoin is not immediately transparent when you look it from a small scale - your immediate surrounding - especially if you stay in a developed country etc. You begin to realise how big it is when you start doing research and realise that more than 70% of the population does not have access to bank accounts, and thus rely on Bitcoin. When you realise that most people who work abroad had to pay an arm and a leg to send money home, and it often took more than 5 days to get the money. This is huge guys. And what about the case of Wikileaks? The governments and the powers that be tried to silence the journalists and crush Wikileaks to the ground by limiting resources, thus discouraging them from such discoveries. Can you follow my reasoning here?
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@cryptotea ·
Really nice video!
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@cryptoventures · (edited)
Nice video and analogies, @ddangerwu
Bitcoin's value is that it created a gateway to the future.  It began the process of decentralizing the web; empowering one to have control over their assets, creating a new and independent social utopia that will grow and evolve as fast as the mind allows, and now is a store-of-value that facilitates the investment in and the growth of next generation blockchain.  It's growth is simply a manifestation of it's effect on the future, and growing awareness of this effect.
👍  
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@cukor ·
Blokchain that is the reason why have the bitcoin value
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@cxp2cxp ·
真的很好,很喜欢
👍  
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@daan ·
I do agree that the reasons you've listed (payment method that can't be blocked) are very important features of Bitcoin and do offer a form of intrinsic value. 

But another factor we can't really ignore is that by buying Bitcoin you also effectively gain access to all other cryptocurrencies. I remember posting this before, but not sure if it was on one of your posts or someone else's.
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@daveboss ·
This is a very touching video. I agree bitcoin is very useful in the terms explained in the video. However bitcoin is no longer useful for micropayments. I think it will be replaced by bitcoincash
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@davebrewer ·
$0.07
BTC and blockchain have value because they automate TRUST, in a completely transparent way.

With 100% TRUST, many new business models are possible.

And the 3% to 5% overhead charged by banksters so you can buy trust in traditional transactions will no longer be necessary.

Banksters won't be able to shave points to make themselves rich.
👍  
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@ddangerwu ·
ya I agree
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@deewon56 ·
Wao so interesting @ddangerwu ,    Bitcoin is something that's valued because lot of people use it.bitcoin gains legitimacy, larger scale investors, and more adoption, its volatility will decrease to the point that volatility is not a concern that would discourage adoption .
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@demix ·
Hello. I liked your post, keep it up. Good luck to you and have a nice day :)
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@diebitch ·
Blockchain is transparency and trust, something that is sorely lacking in the world. 
Bitcoin is a realization of the concept, though it has kinks to be ironed out, it still gives us hope. When you live in a corrupt company and make money honestly, it sometimes gets you down when the rich and unscrupulous can get away with anything.
Bitcoin means a better world.
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@diego-ecoswell ·
I liked the final reflection: "it is a representation of what we believe in". Exactly like every other currency, the value derives from the collective consensus. The important detail is that bitcoin has enormous potential for freedom anywhere, anytime. So why not move the consensus towards it then (or is it there already?)
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@digitokash ·
$0.06
The Answer to why bitcoin has value can be looked at a couple of ways.

- It Cost to create a Bitcoin so it has to have some value. (Think about how much it cost to create $1 US dollar , then compare how much it cost to create 1 Bitcoin)
- Its Rare. (There is not nearly enough Bitcoin for every person to have one. Think about rare coins or stamps the same applies for Bitcoin)
- There is a demand for it. (Simply put, it has value because "we say" it has value. There is no reason why a Painting that cost a few dollars to create, should sale at action for millions of dollars BUT it happens all the time. As long as the demand is greater than the supply it will always have "value".
👍  , , , ,
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vote details (5)
@crypto-noob ·
I'd argue against BTC being rare. There's millions of bitcoins for sale in every exchange. i think limited is a better way of stating it. But yeah 21 million supply is no where near enough for 7 billion people. But this is why it's divisible to 8 decimal places!
👍  
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vote details (1)
@digitokash · (edited)
You have to understand that not all Bitcoin is accounted for... Im sure there is plenty of "lost coin".... but even  21 million BTC : 7 billion People = rare (IMO)

There are "millions" of rare  coins and stamps for sale. Just because it for sale doesn't mean its not rare. Just means that it has "value".
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@nrad · (edited)
There are billions of carats of diamonds and ounces of gold out there too...yet they are rare and valuable.  In fact, more diamond can be found at any time than exist in the world today AND the value would still rise because its a corrupt monopoly
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@nrad · (edited)
$0.02
Agreed, and will also point out that BTC is some store of value but definitely not a "currency" based on the common definition.  Nobody hoards USD as an investment, currencies do not rise in value in fact they usually drop, no currency rises and falls in value like a stock let alone like BTC.  People don't get rich holding USDs, in fact they would lose money.
👍  
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vote details (1)
@obeyempresz ·
$0.03
I agree with this logic.
👍  ,
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vote details (2)
@dillagr ·
the reason bitcoin has value is because for once there is another innovation to money. for more than decades, innovation regarding money has stagnated.

it is not about the price. the value is in the technology behind bitcoin and cryptocurrency as a whole. if you view it from this perspective, bitcoin has value -- the technology and clever innovation behind it.

my two cents.
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@dive-into-crypto ·
Very informative for someone does not know much about bitcoin.
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@dividendgrinder ·
Interesting to listen to, but ultimately comes down to pretty much every form of commodity there is. That is, "it's worth what people make it worth." It's like old baseball cards, no value but high value to some. 

This being said, I do believe we need crytocurrency to hit mainstream as much as possible. The power to challenge the status quo is always a good thing.
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@djxmonir ·
yeah
👍  
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vote details (1)
@dontayeb ·
@ddangerwu great example. I normally ask the question, how do you know 1 USD is worth 1 USD if everyday the government can print more paper and it's still worth 1 USD? The integrity of Bitcoin will stay true and the value will always be what it is because it's just 21 million and that's it the integrity of the value will always be intact.
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@duane.dos ·
There are many reasons, but to me the most important ones are the fact that they have an awesome development team, it is the first implementation of blockchain technology and it is an household name. @ddangerwu
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@dylen ·
It was started in 2009....No one talk about its value until now where people start to trade it...It was used to upgrade the games level for the computer games and there its start to have value when gamers start to spend money on its....and start to grow since then.
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@ebi16 ·
Real value of BTC or any other crypto came from cheap production of currency (only electricity cost for transactions), fast transfers. It was inevitable because world economy is becoming one. Physical money is not efficient for global transfers like Bitcoin is. That's why more and more people started buying BTC for exchange and the price became higher because it didn't matter for people who buy it whether the price is 1 dollar or 10000, they use it for exchange and when there is ecosystem where people can see the potential of using crypto, the price will always rise because of it.
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@elektr1ker ·
If I get asked where bitcoin get its value i just say "supply and demand". 

With bitcoin you can get a fraction of thing which maximimum amount is limited, cant be taken away(unless you are stupid), the system cant be shutdown by governments  and you can transfer that thing to anyone if you like. And the whole things runs and operates decentral and checks itself via hashing algorithms (basically maths). 

BTC is not a currency, its more a investment like gold. Something you buy and keep for a while. Nothing you buy to buy something with it.
👍  
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vote details (1)
@eliaseduardo ·
good post friend
I invite you to see my blog I am new in this beautiful community I hope you like my blog greetings
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@spaminator ·
$0.51
Leaving comments asking for votes, follows, or other self promotional messages could be seen as spam.


[Your Reputation Could be a Tasty Snack with the Wrong Comment!](https://steemit.com/steemit-abuse/@spaminator/updated-your-reputation-could-be-a-tasty-snack-with-the-wrong-comment)

Thank You! ⚜
👍  
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vote details (1)
@elizahfhaye · (edited)
$0.57
Bitcoin simply means nothing, its virtual and only exist in the web. Bitcoin have its value from the people who used it and creating a network of users of bitcoin. People use bitcoin because of the technology behind it and that is blockchain technology wherein anyone can transfer money through peer-to-peer transaction without any middle entity like banks and government. No one is in control with your coin except you and no central control of the network - it is decentralized and have an anonymity characteristics.

In conclusion, bitcoin only exist in the web and the one who gives value in it are the network of people who used it and they use bitcoin because of the blockchain technology behind it and is decentralized!
👍  , ,
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vote details (3)
@embomb701 ·
Well I have a Shift Card from Coinbase so the money I invested is now tripled and I can spend it anywhere where Visa is accepted.
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@embomb701 ·
What is really going on here, this post is good and all, but not superb and you only have 168 followers? How is this worth 478 SBD? What is really going on here? BTW Bitcoin is so much more then what you stated in this video. There is something fishy about this.
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@ddangerwu ·
I used voting bots to promote this post. also, I have 1k+ followers and have been making consistent video contents for a while now. this post is not worth 478sbd but rather 478 USD, half of which will be converted to steem and the other half given in SBD. I agree that bitcoin has much more value than the ones stated in the video but I am breaking up each aspect of bitcoin in bite-sized videos(under 5 mins). I am not sure what you find fishy here.
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@embomb701 ·
I mixed up your number of posts with followers. I have roughly the same SP as you, and I use Voting bots as well, but wow you send them a lot! is it worth it to do so?
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@empowermite · (edited)
If there is anything that what commenting on. It is #freedom. The worth of bitcoin is as a result of the change that it bring. It is a new invention. It is revolution.

In the era of trade by barter, It is goods for goods, then come using of precious metal as medium of exchange, followed by currency. It is the need for control, I mean ability to manipulate things to their favour that led to taking our currencies out of gold standard, now they have it and determine what  belong to us.

We are clamouring for paperless society, that change will not be possible with our present medium of exchange, there must be a new invention to take the place of the present and that is cryprocurrencies.

Every new invention always have a very high value, bitcoins is not an exception but most especially its a challenge against government control to give people freedom
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@etka ·
$0.09
Excelent example of the power and freedom Btc can offer. Easy to see why the extreme efforts to take it down... Good post man... Following..
👍  
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vote details (1)
@etowner ·
The Reason that BITCOIN has value is... because of other alternative coins that are also using the blockchain tech e.g. Steem. There will be others coming and going but the blockchain tech will stay for sure.
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@evesweetpassion ·
Excelente Post.. Muchas gracias por la explicación. @ddangerwu
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@excy4yaweh ·
This post is so thought provoking....it really is. it gets you thinking...how valuable is what i am holding ? is it all a mirage? was it ever been valuable? will it ever be. are my holding something worth anything or nothing?
👍  
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vote details (1)
@exooo13 ·
I really do not understand why BTC has still that much dominance.  Personaly I never buy BTC and I do not understand why people don't buy ETH or LTC instead..
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@fedismaoui ·
I exepect a small drop of bticoin  in next two month.However,temprory and it will has more value, it s important to buy in the right time
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@ferdinandlee ·
Appreciate the info!
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@fergonzalez ·
The big thing of all of this, is that Bitcoin let us to think in a future with more freedom, with more opportunities for those who didn't born in a rich family. It gives back the power to the people. Also, it opens a very interesting discussion about what freedom should be, for all humankind. It's a very good opportunity to people to take their own decisions (it seems financial decisions, but at the end, there are political decisions too).
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@ferow ·
Wow, this is the best content i've seen on steemit so far. I've actually learned something incredible.

I didn't see the ending coming and untill the ending i just had sad feelings and thoughts, but in the end you shared something which is a glance of hope in a very dark world.

We are not bound to companies that have their own political thoughts or companies who are bound to certain rules set by the goverment or whatever. It's great how people have used bitcoin to help Wikileaks getting the truth out there. We occasionaly see these kind of things in the news, but it dissapears so quickly... 

The ONLY thing that might be dangerous about this is the fact that people could also use it for wrong stuff. I do not want to use certain words here, but people could also support evil groups this way without anyone to stop them. So i think your story has 2 sides, one is very beautiful but the other one might be something really bad. 

I might be mistaken about this since i do not posses all the knowledge about crypto currencies yet, but please do correct me if i am.

Thank you for this VERY educational video, i got something to tell my friends and family!
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@finderabc ·
cool...
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@fuble ·
How well does the sell your steem vote work if its a new account?
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@ddangerwu ·
there's a calculator on the top left to show you exactly how much you'd make
👍  
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vote details (1)
@furn01 ·
Great video and I agree with you.

Bitcoin is rare, the total supply is low compared to many coins on the market.

As mainstream media starts bringing more attention to Bitcoin and the whole crypto space the demand for the coin will increase as will the value.

Also, remember there are old computers out there which have been discarded years ago by people and these coins will never come back to the market or circulation.

People who know about crypto and BTC in particular fully understand the logic behind it and why it was created in the first place.

To start taking control of our own money and not being dictated to by goverments or banks.

Conclusion - HODL and buy the dips :-)
👍  
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@fury123 ·
$0.20
Bitcoin has value because people are tired of governments taking advantage of their hard earned cash and giving tax breaks to the rich and bitcoin helps to level the playing field and everybody is accountable to the network and cannot do anything unfair to gain an advantage thus people trust it more and that is what gives it value.
👍  , , , ,
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vote details (5)
@neversummer ·
Great point of view here. This is something to stand behind. People are in fear of crypto because they either don't understand it or they are in powerful positions. Crypto has the potential to take the power away from the powerful and that scares them.
👍  
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vote details (1)
@gatorinla ·
$0.03
I expect Bitcoin to minimally retrace 1/2 back to the February 6 lows. $ 8,759.00 or less. Is my target. I expected lower than 5,846.00 on the last drop. I dont think the is low finished. But for now 8,759 has a 80 % chance IMHO. I posted the basket I use. All 4 of them should retrace 50% or more. All 4 didnt go as low as indicated February 6. The February low may not hold in Ethereum,Bitcoin,Ripple,Litecoin or Steem. For now I will be less bold.

In the short term Bitcoin may find some bounce at the yellow line at 9895.92 area. But eventually I expect it to fail. Atm it's![Capture.PNG](https://steemitimages.com/DQme1KRPpp3Ue53mSxi6JS9VSb3rYTKhABgcknqUZ1K12fy/Capture.PNG) sitting above 9,895.93
👍  ,
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vote details (2)
@crypto-noob ·
But we know BTC doesn't respect TA. 

All it needs is the media to shill again and we are flying.
👍  
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vote details (1)
@gatorinla ·
U got my vote, a resteem and a follow. Thank you.
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@gbharat399 ·
wow that was amazing...you are a great content creator...plz visit my account and upvote my post if you find that relevant and give some tips to improve account growth
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@gduran ·
The only reason Bitcoin has any value is because its users believe in it, are willing to stake their money, their time, their effort and even expose themselves to other people thinking they are crazy, because they believe it will ultimately prevail and become a mainstream medium of exchange.
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@gio6 ·
Nicely done, I like how you used a real life analogy to get the mind thinking. My answer is that BTC has value because it has become the "gold standard" in the crypto world. Sometimes there are not always logical reasons for this, but it has survived that teething process and became the one crypto that everyone knows - like a Michael Jordan. BTC Maybe cumbersome, slow, expensive, but none of that matters when comparing it to a centralized currency that is being manipulated somewhere in the world, as we speak.
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@glentoy ·
My parents always thinks that bitcoin is a scam :D its because they didnt know how it works. Im gonna let them see this!  Atleast they will believe on me now. Thank you :)
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@ddangerwu ·
nice! I will be making more videos about the value of btc, explain to them there's a myriad of uses for btc!
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@glentoy ·
Yes! keep doing it. You made your video very well.  Atleast I have something to show to them now :D
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@gofissure8911 ·
Bitcoin has value because the government says it doesn't.
👍  
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vote details (1)
@lanmower ·
love it :) good answer
👍  
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vote details (1)
@grizzleybuff1 ·
I feel a great sense of happiness thinking about when these bad people finally lose their power and we can ALL live in peace and prosperity. I hope that time is now.
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@guidedcrypto ·
The existing trust based monetary system is what give Bitcoin it value, if our monetary system wasn't so bad people would trust it more. Banks controlling where and what you can use your OWN money on is  a big no no for most people.
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@gungadin ·
With 16..odd million BTC already released, I would say that up to 3 million have been lost-misplaced. Your goal should be to have 1 BTC and HODL your ass off. Then diversify to other Alt-coins, but do some homework first.
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@habib1978 ·
Any currency in the world will gain when it used widely. so bitcoin price is will be more heigh if the  range of use of it spread broadly.
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@handofzara ·
Bitcoin derives its value, not because of what it is necessarily but rather what it is not.  The first thing that it is not,  Bitcoin is not an  instrument of debt.  Think of the Federal Reserve Note, I work and get paid with a dollar,  that dollar represents the value of my labor, but it comes with a hidden tax.  I owe, for the privilege of being paid for my work interest on the note to a private bank, that is not my employer and yet makes a claim on my wages.  How did this private bank ever earn a portion of my wages?  What is even worse this very same private bank can with the push of a button destroy the value of my wages by creating more debt instruments.  Worse, they have the power to literally give the dollars away to their friends and family who do not work for it.  Nice gig!  Secondly Bitcoin is not secretive, you either have it or you do not, period end the story.  Not the same with fiat currencies,  banks and businesses lie all the time and get away with it.
Not with Bitcoin, or any other crypto.  For instance, I could claim to have 2000 STEEM right now and will gladly pay all of it to you if you just deliver to me 3 ounces of gold.  Now that is a bargain, go ahead and send it to me.  But wait, you could go to my wallet and see exactly how much or how little I have.  Oops! Caught me.   Bitcoin is not a currency with unlimited supply.  Bitcoin is not a currency created by individuals seeking to throw us into debt.  Bitcoin is a far more honest medium of exchange that is easily transferable anywhere in the world.
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@harktheshark ·
I like to compare Bitcoin and altcoins with chips at a home game of poker. As long as the game is on, value is determined by the players. Like in the game, we as a community give Bitcoin and all crypto currencies value, reflecting all our hopes, trust and expectations.
The most important thing in my opinion is the fact, that if the game ends for any reason, chips are going back into the case and are devalued.
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@ddangerwu ·
look into game theory. it connects poker and bitcoin in terms of how each party should act based on other's actions
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@harktheshark ·
game theory can be applied on everywhere
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@hemendrapatar ·
Hell! I can't watch your vid as my network is tortoising. But bitcoin according to me a poetry in digitization. Because there is no restriction as in poetry, your imagination is the limit.
👍  
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vote details (1)
@heroic15397 · (edited)
Because it has utility, and because people attribute value to said utility.

Instead of using the Wikileaks banking blockade/Guantanamo Bay worst-case scenario, I would prefer using a much more common usage such as (two distant relatives) wanting to directly send funds (to one another), and with all the advantages it implies, as an example to demonstrate to neophyte friends and family that there is some kind of value to Bitcoin. It's not everybody who is made of an activist fiber but, on the contrary, anybody can envision a day in their life where it could be complicated to send or have direct access to funds. I say ''I would prefer'' because nobody has ever really asked me about Bitcoin.

As for being ''worth so much'', people could disagree on that statement because it is only one arbitrary perspective of appreciation out of many. 

Also, Bitcoin is a limited commodity said to be intended to resist inflation. I think that is mostly seen in comparison with the supply of unlimited issuable currencies. But here is how I just imagined it: 

1 BTC is divisible into 100,000,000 Satoshi and when someone spends *X* amount (let's say being worth *Y* quantity of apples) to gets his/her hands on BTC, he/she gets *Z* amount of Satoshi, which at that time is also worth *Y* quantity of apples. Since there is a relatively fixed amount of circulating supply in BTC, the ''*Z* amount of Satoshi'' owner's future purchasing power toward apples should, in theory, depend on then apple supply & demand merely combined with BTC demand (for other purposes), but not on the BTC supply (since it is fixed) being artificially augmented or not. I say ''in theory'' because BTC is not alone in the realm of the money supply which complicates​ matters, and because I guess the intrinsic value (by that I mean the purchasing power) of Bitcoin still could go down in the case of other currencies surpassing it in utility, or if goods and services generally became scarcer​, even if the BTC proposition remains the same.
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@hsigotcrypto ·
Great Video! So what does bitcoin value mean to me? Its all the power, the hardware of computing power, the time since the beginning  of time Satoshi started this crypto asset. 
Understanding what goes into mining a bitcoin, and this is where a lot of people get confused.  When we say we mine bitcoin we forget that this is the same thing as banks.  Someone needs to keep the ledger and how bitcoin becomes more valuable as TIME goes on is that these ledgers have not stopped and will not stop (unless the magnetic poles shift which leads to Armageddon). Banks are backed by governments that are backed by gold (before back in the day).  Now any currency is back by the government which means you have faith in this government ie. you hodl USD because you believe in the American economy.    The P2P aspect of this just gives us more $$ to deal with and instead of paying the banks we pay the miners which will keep this afloat because we need this ledger somehow some way.  
That being said we can finally understand that Bitcoin is just another cryptoasset but it is backed by the faith of ALL the miners around the world (Bitmain) and  the rest of us common minnows. 
So what is the value of Bitcoin?
The Faith, Time, Hashpower, Video cards, CPUs, GPUs, P2P, people hodl the 16mil coins, all of this added together is the true value of bitcoin.
👍  
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vote details (1)
@imaginalex · (edited)
So Bitcoin is able to fund the truth or whistleblowing, hmmm, we need that kind of freedom in this world, freedom of difference of opinion and belief, being able to express and search, find other theories and expose them to the world. I believe it's the only way humanity can be freed from it's slavers.

On another topic but related to your post, my content is 100% original, i'm a 3D modeling and drawing / animator artist and i am making an indie game related to steemit right now called "Steemdya" with a friend, we are a duo of indie devs !

In the hope you read even your last comments ._.
👍  
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vote details (1)
@ddangerwu ·
I read every comment =)
👍  ,
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vote details (2)
@imlikett ·
If this is the case, the Doge coin has more value than bitcoin.
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@infiny ·
For me Bitcoin represents the freedom given to regular people by the concept of Bitcoin. When it was made, Bitcoin born with this reason, to provide some sort of income, value, some money making source against the banks and the regulators from 2008 when the recession took place.
Now, as everyone says, that it needs to be regulated, partially I agree, but not by the same regulatory boards. I mean, by accepting those (the same people who laughed at simple human beings losing all their money/savings/houses in the recession) as regulators, we give another asset in their hands which can be manipulated.
I don't know that in this case, Bitcoin would lose its freedom and all the other coins, but definitely harms this value of bitcoin/alts.
What we can do? We can invest in different projects more carefully, we can set up a board of "our own" people and we now have the medium, which can provide awareness (Steem).
You can't avoid that some people may invest in some obviously fishy asset, but this is how the world runs anyway. We can't be all of us winners.
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@ingarnoldo · (edited)
Hello, this one is my entry
It does not belong to any condition or government and can be in use in the whole world, independently of the geographical and political barriers, it is not possible to create debt with him, his value does not depend on an intervention of a central bank, the diminishing and predictable increase of the money supply, allows him to improve the purchasing power of the users, nowadays it is possible to use even with 8 decimals though there is no limit for what in a future they might use any more decimals, in less than one hour the transaction can be realized. There is no a third party in way that could throw behind a transaction. Anyhow there exist services that the bitcoins guard until the part that receives them has expired with his part of the agreement.
As it is defined it is possible neither to construct a false bitcoin nor effect a double expense without the network detects it. No committee of "experts" controls the destination of the bitcoin. There are a few rules before fixed by the protocol designed by Satoshi Nakamoto who has to agree freely the one who wants to use the bitcoin. Nobody is forced to reveal his identity what does the specially useful bitcoin for his use in countries where they govern totalitarian rate. The bitcoin has minor costs of transaction that the utilization of credit cards, transfers or Paypal. Realizing a payment with bitcoin not wished intermediaries are eliminated.
The bitcoin relies on a strong cryptographic support that it protects it from falsifications and it is possible to guard in multiple locations simultaneously. The technology on which the protocol of the bitcoin is based is several times surer than that the banks and the credit cards use. All the transactions remain recorded in a record of free access. In view of his divisibility and his low costs of transaction it is an ideal currency to realize micropayments. For the operations in bitcoins neither schedules nor bank holidays exist. One might guard an enormous fortune in a memory USB, which can be guarded or moved without depending on third parties.
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@inni.mahbub ·
Yes I see bitcoin as more of a store of value than currency. Great post man Upvote
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@introvert-dime ·
$1.79
I fail to understand why bitcoin is better than other digital currencies which are far more superior in tech and are near instant and almost fee less. If bitcoin cant become a transaction currency, it will not become a standard either. It is just a piece of cryptographic code and will become redundant if not updated, which is the very nature of technology to include fee less instant unlimited transactions feature. People should not have emotional attachment to it.
👍  ,
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vote details (2)
@riann ·
FREE COINS February, 24th (will be supplemented) #AIRDROP #Bounty #bitcoin#USD

https://steemit.com/free/@riann/free-coins-february-24th-will-be-supplemented-airdrop-bounty-bitcoin-usd-ico

https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif
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@introvertspeaks ·
Bitcoin has no intrinsic value at all. It only appears valuable because people are speculating about its possible price.

It doesn't even quality as investment. It's called gambling.
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@ipromote ·
re-ddangerwu-the-reason-that-bitcoin-has-value-is-because-get-100sp-delegated-to-you-by-commenting-20180222t131753467z
You got a 21.05% upvote from @ipromote courtesy of @ddangerwu!
If you believe this post is spam or abuse, please report it to our [Discord](https://discord.gg/yv2TMPu) #abuse channel.

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@ismailali ·
you've only just learned about bitcoin, you've seen that people have become millionaires through investing in it. Your question is: "Can I still do the same, or has the bitcoin boat sailed?"

Unfortunately there's no guarantee of this, that you can still make millions from bitcoin, but I strongly believe in feature bitcoin will go to the moon.
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@itsok ·
$0.04
Bitcoin has value because it provides a gateway from crypto to fiat and vice versa. There are only a few cryptos have that status. Bitcoin is the oldest and the most well known one.  In US, for ie, to invest in cryptos, you often have to convert fiat to Bitcoin (or ether) first, then use Bitcoin (or ether) to invest in other alter coins. That creates demand, and that demand put a floor under Bitcoin's price.  

Earlier this year, when Chinese government banned crypto exchanges, the Bitcoin price dropped 50%+. That is because the channel from fiat to Bitcoin was shut down in China and other places in the world were not able to pick up the demand.  Later in February, US had congressional hearing on cryptos, and the outcome was positive because the US government will not put a complete ban on cryptos. So demand picked up in US and the Bitcoin price recovered.
👍  
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vote details (1)
@ivan007 ·
wawww.....
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@izge ·
Well i don't have anything insightful to contribute regarding bitcoins considering that i know nothing about virtual currencies. However i can only say that Bitcoin has earned it. It has gone through the the rigours of time to get to where is is today.
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@jassicania ·
wow, this is really like the best explanation of why a cryptocurrency has value so far. Admire the work you are putting in to promote quality comments. Uber inspired.
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@jeckt84 ·
We the people give it value, just like gold and diamonds.
👍  
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vote details (1)
@joeparys ·
$0.08
I like it - sad story but good video and great point thanks for sharing 
@joeparys
👍  
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vote details (1)
@jordan1219444 ·
great post thanks for the share
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@josearteaga ·
Real Digital Gold ![meme.jpg](https://steemitimages.com/DQmauu3w9gHgVEJiBiPRP6xQwCLHruMN4fgeR8BWLBfeHUs/meme.jpg)
👍  
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vote details (1)
@juandavidartal ·
<p>In my opinion, bitcoin has value because of many reasons:<br />First, <strong>the good ones</strong>:</p>
<ul>
<li>The<strong> security system</strong> that was developed for the bitcoin, the blockchain. A completely revolucionary&nbsp; techonology that has written a new chapter of the Internet history</li>
<li><strong>Anonymous</strong> money transactions (But&nbsp;It might be a double-edged sword, though)</li>
<li>
<p>A huge amount of people who <strong>believe</strong> <strong>in this technology</strong> and want to use it. It got very trendy last year!</p>
</li>
</ul>
<p>But, there's also <strong>bad ones</strong>:&nbsp;</p>
<ul>
<li>
<p>Bitcoin turned out to be the <strong>black market coin</strong>. So the huge amounts of money invested by criminals in this criptocurrency, makes the <strong>value rise</strong>.</p>
</li>
<li>The&nbsp;<strong>speculation</strong> of the people who saw in bitcoin, a way for get rich overnight.&nbsp;</li>
</ul>
<p>&nbsp;</p>
<p>Despite the Bitcoin Revolution, <strong>I don't think</strong> it as a functional currency in the <strong>long term</strong>. But <strong>I do think</strong>&nbsp;Bitcoin gave the world a great and powerfull gift that changed everything, and criptocurrency are here to stay forever, but it still <strong>needs some improvements</strong> before becoming and efficent way for economy exchanges.</p>
<p><img src="https://i.imgur.com/ULw2ktZ.jpg" alt="" width="400" height="270" /></p>
👍  
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vote details (1)
@julisavio ·
I think the value of bitcoin is still seen in the future, because now, it does not have as much use as you may have in a few years. Now it is just one exchange currency like several others. In a few years, it can be used as a means of payment if you find a way to make the transfer faster. In my view, the person who wants to invest in crypto-coins, should only put 5 to 10% of their capital, so as not to run the risk of bankruptcy if this type of investment goes wrong !!!
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@kashta ·
Blockchain theaters  coming soon...!!!
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@katebooks ·
Good post! I really enjoyed your post.
👍  
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@kavitkar12 ·
I like the post thanks for the sharing...
👍  ,
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vote details (2)
@kenraphael ·
Bitcoins value is derived from the market forces driven mostly by its adoption rate. As more people get into Bitcoins and seek to buy them, because its supply is at a constant rate, that adoption rate applies upward pressure on its value. There might be fluctuations from events, news, and more temporal factors but that appears to be the long term factor when the more noisy factors are filtered out as shown in a paper I referenced in a post linked below.

However, Bitcoin's adoption rate has been dropping since late December 2017. If that does not recover there is almost no way the recovery can be sustained. I described in detail where things are based on the fundamentals here and would appreciate your thoughts as well.
https://steemit.com/bitcoin/@kenraphael/bitcoins-have-not-yet-fundamentally-recovered-at-this-time-a-mathematical-case
👍  
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vote details (1)
@kevincox · (edited)
$0.74
Value is subjective, and it isn’t something that tangibly exists in reality, so it’s no wonder why so many people get hung up on this concept.

Some people knock bitcoin because of its “lack of instrinsic value”, while pointing out that currencies like gold do have instrinsic value - i.e. if gold wasn’t a currency, it’d still have value because it’s ‘pretty’ and people like to wear it. 

This is a logical fallacy. Tastes change. The world could wake up tomorrow and decide they don’t think gold is pretty anymore. There is nothing instrinsicly ‘valuable’ about gold, nor any other good in the world. Value is only an opinion, subject to change on a moment’s notice. Our opinion of a good is not THE good itself, if that makes sense. If it doesn’t, keep reading: 

A currency’s supposed instrinsic value can only serve as an insurance policy—a price floor for you—in case people decide to stop transacting in it. It does nothing to make the currency more useful at being a currency. Still lost? I got this: 

At the end of the day, what you really need to do is examine the things that make something a good medium of exchange. Without mediums of exchange, we’d all be inefficiently trading goods between each other. I’d trade you chicken for your water, you’d trade me milk for my eggs, and it’d be a nightmare, and ridiculously tough to start a business, limiting the velocity of economic growth. Instead, we need a good (or multiple goods) that can function as a way to allow us to transact as smoothly and efficently as possible. Here’s 7 characteristics that I think make a perfect medium of exchange:

(1) divisible
(2) durable
(3) portable
(4) storable
(5) transferable 
(6) scarce/rare/costly to acquire/produce (USD fail)
(7) Private/anonymous (USD fail)

How many goods out there can you think of that satisfy these principles? Hardly any. Gold has historically fit these principles best, but not even close to perfectly. For example, how portable is a large amount of gold? How transferable is it?

If there was some magical good out there that could be all of these things perfectly, I’d bet the market would choose it over any other means of transacting—over the USD, gold, you name it. 

Bitcoin and crypto, in my opinion, is as close to perfect as there is in the world, as per these principles. I believe it’s inevitable that the market, on a mass scale, will share my opinion as well in the future. Especially once all the technology that is currently being developed on top of the blockchain is released. Acquiring and transacting in crypto will become so easy, so accessible, and so cheap, anybody will be able to do it.

Oh, and not to mention, we won’t be debt slaves anymore to the world’s banking elite. So that’s good too. ;-)
👍  ,
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vote details (2)
@j3dy ·
slaves to just a few whales then? 
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@kingtamarah ·
Bitcoin is more complex to steemit .... Bitcoing doesnt encourage entertainment like steemit
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@kjnk ·
$0.20
Decentralized, programmable money. It's in human nature to assign value to this.
👍  ,
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vote details (2)
@korynewton ·
The reason that Bitcoin has value is because for the first time in existence anyone can store and send value to anyone else on the Earth without anyone's permission. This can _now_  be done on other platforms ,but none are truly as decentralized as Bitcoin. The only way to stop Bitcoin would be to stop the Internet which is not going to happen.
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@ddangerwu ·
$0.02
also, even if internet is stopped, btc transactions can still happen through radio waves, satellite transmission and manual input
👍  
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@korynewton ·
Very true! Shout out to the Blockstream satellite!
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@kota17 ·
It’s an asset, since it was the first!!!!
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@lagrange ·
Nice and helpful post.
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@spaminator ·
$0.50
When you copy/paste or repeatedly type the same comments you could be mistaken for a bot. 

[Tips to avoid being flagged](https://steemit.com/steemit-abuse/@spaminator/updated-your-reputation-could-be-a-tasty-snack-with-the-wrong-comment)

Thank You! ⚜
👍  ,
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vote details (2)
@lamegliogioventu ·
Hi!<br>Great video for sure (thanks ; it was an enjoyable 3 minutes) but these qualities are not exclusive to Bitcoin alone. That's the power of decentralization thus these qualities apply to all cryptocurrencies (almost, with exceptions) - Bitcoin's value still amazes me today, given the fact that it doesn't have any features other than using blockchain as a database model and anonimity (as much as it is possible)... i.e. Ethereum offers smart-contracts... Maybe Bitcoin's power comes from being the first (I mean, being the first cryptocurrency ; as far as I remember Bitcoin was not the first case where blockchain model was introduced - here you go..: https://en.wikipedia.org/wiki/Blockchain#History)
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@lanmower · (edited)
Very good video @ddangerwu I love your work.

My clever answer is, 1 bitcoin has never changed value, 1 bitcoin has always been worth 1 bitcoin ;)

Bitcoin is exactly that, its valuable because it grants a boon of political freedom wherever it goes. Its value lies in how it is set to displace all forms or present day governance, it will evaporate the tax system and sweep the rug out from our mafia-esque government and replace it with systems that enforce fairness at a transactional level instead of encouraging corruption by putting the livelihood of many in the hands of a few entitled individuals.

I would like to advocate either that we all begin supporting the 'mine don't tax' idea, and perhaps even more advanced forms of the same idea.

Thank you very much for your time everybody, much love.


[![punkstiny.png](https://steemitimages.com/DQmU7i1jiZWesrtN757kQFCGMeX8Ude3wNF9xVpbffrXH9M/punkstiny.png)steemPunks](https://discord.gg/hGJnpJu)
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@lecuong2290 ·
verry good
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@liketimmy ·
Well, as for the value of BTC we have a saying for that:"Thing are worth as much as the fool wants to give for it." This offcourse does not mean that BTC investors are fools. BTC for me seems still like a good investment buth nothing more than that. It's not usefull to make regular payements anymore. I believe the useability of BTC for regular payements was over as soon as it crossed the $1000. Since then things went really fast upwards and not only the value buth also the transactioncosts wich made it "out of reach" for small cryptoinvestors. If you have money and you are looking for a real long term investment, BTC looks still save to buy. For regular payement, i think Litecoin will be the more logical choise for a lot of company's.
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@lpreap ·
BTC is outdated and as long as people rely on this old relic, crypto will always be behind and nowhere near as revolutionary as it was intended to be when bitcoin was first introduced. It quickly became about money and greed rather than usability as a new form of currency. :/
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@luismanuel ·
muy informativo gracias
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@lyndalo ·
is of course BTC has value
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@mahabub007 ·
as Bitcoin has no objective values rather has virtual value... we should be aware about it.. and invest it very consciously
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@make-it-matzke ·
Once we moved currency into the "data-ism" phase there is no going back. It will only continue to grow and the freedom aspects screams what we the people desire! The funding and support of Wikileaks is a prime example of why we need it out of the elitists hands and into our own. If you can't understand the value of bitcoin in relation to freedom then continue to to enjoy your Free-Dumb. I really enjoyed your analogy. Great post!![MCC signature logo.jpg](https://steemitimages.com/DQmUJzxvWqC1jba2ZD7maJy9TgGQwtyBYv4QrpPeZ4d28SZ/MCC%20signature%20logo.jpg)
👍  
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vote details (1)
@make-it-matzke ·
This is why crypto is so important. https://youtu.be/bP4pU12wHOQ?t=23s
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@manjubd ·
$0.11
good post , very informative post thanks you @ddangerwu
👍  
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vote details (1)
@markcze · (edited)
SIMPLE: Bitcoin is valuable because is not dependends on central banks...Amnount of bitcoin is limited .. So there is no risk such as "printing money " that FED,ECB, BoJ do it...which devaluete currencies ...
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@mdmahmudulhasan ·
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vote details (1)
@metalbrushes ·
$0.37
wow
👍  
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@miamiuber ·
Bitcoin is to Banks what Uber is to Taxis!
👍  
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@cryptoventures ·
upvoting this, because I like the simplicity :)  Would be nice to see your analogies for the additional benefits of BTC.
👍  
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vote details (1)
@mightbemike · (edited)
Bitcoin has value because we want it to.  We need a means of exchange, a store of value but what to do? Gold is old and banks are pranks. Bitcoin represents taking control, so we will it to have value. And it does.
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@minismallholding ·
From that I'm getting that the true value in bitcoin, or indeed any crypto currency, is that it isn't controlled by those that might control us and hide the truth. All currency has value only because it's believed in, so why wait for a government to tell us to believe in it?

A very poignant video, by the way. It highlights just how important it is to have a currency that is decentralised. I do feel, however, that the high fees of bitcoin make it prohibitive for easy use as an everyday currency and look forward to us being able to use it as easily as fiat.
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@ddangerwu ·
see my lightning video, there are no more high fees
👍  
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@minkhantnyar ·
Good post !
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@mino.gris ·
$0.14
Well, I agree with you and I guess one of the reasons for bitcoin to get all this value is:
It still controls the market as it's the main currency to buy any other asset.

It's usable everywhere on every exchange, so it's the head of the market.
Also, Lighting network I going to fix all issues about it such as transactions time and high fees, and that's going to keep bitcoin on the top for a long time.

One more thing:
Bitcoin is going to be the most popular payment method for anyone in the next few years especially, people who don't have bank accounts (PayPal's CFO said)
Here to check: https://cointelegraph.com/news/paypal-exec-says-very-high-likelihood-bitcoin-will-become-popular-payment-method

Thank you for sharing this info with us @ddangerwu :)
👍  
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@misschipmunkdiva ·
Crypto currencies like bitcoin and steem are going to be the way of the future! platforms like this are going to be bigger that facebook, twitter and even youtube! :D going to be a fun journey Xx
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@misschipmunkdiva ·
Great post :) Thanks so much for sharing. Crypto is the future and will take over the world :D
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@monisnasir ·
@ddangerwu ..at first if a bitshare holder is asking the queation about "the value of bitcoin" then there is practically no value for it... Almost all crypto currency has no value as far as the value we assign to it is concerned.
The value is subjective and does'nt exist in reality..
Thanks for the post
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@moofy ·
Interesting
👍  
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@mrmomentum ·
A thing has value when (a lot) of people think it does. The more people think  so, the more desirable an item becomes, the higher its value. But it is exceedingly difficult to put even a guestimated value on Bitcoin, or most other Cryptos for that matter...

Bitcoin (and crypto) is a lot of different things for a lot of people.  For some, it's merely a way to score a quick buck, for others it's mostly version 2.0 of the stock market... for others, like myself, it's the beginning of a new Era. Block chain technology will play a key role in the development of world-wide trustless-but-tamperproof networks doing away with multiple layers of middlemen, agents and commissions since they simply will no longer have a function. The Block-chain revolution hasn't even truly begun.
👍  
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@ttanarcy ·
That's a great explanation! Th e block-chain revolution is on its way and I'm jumping all in
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@mvielma26 ·
Excellent
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@myagenda ·
**WOW** .. astonished..
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@n0size ·
Bitcoin derives her value from user speculations.
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@neri0x ·
Cruelty in all ways gives me a sort of stomach ache I cant describe.

I wasn't aware of this information, I mean, I knew of Guantanamo but for some reason, I forgot about such horrible place or that it was closed already in this "era".

sadly this video in general media and some places will only cause comments like "I knew it, bitcoin is only for terrorism or things like that or that are around that" which is a retarded comment or at least a very ignorant one.

Bitcoin has value because it is still the face of a technology that is the new paradigm, on how the money will be used, what is the value and what is the price of something? its scarcity, it brought to the table topics that maybe only Dollarvigilante talked before most of us, federal reserve? printing like crazy, power? control?  privacy? transaction speed?  forks?. It made the money game bigger and better.

Something I love the most, it opened the doors of trading for thousands of people and it allowed really poor countries like Venezuela to have a hope.
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@ddangerwu ·
ya there's more value in other areas as well.
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@newmarket65 ·
$1.30
bit coin is worth what any one is willing to pay the first rule of captist economics
👍  
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@nochillphil ·
Honestly I just see BTC as an asset that all other alts should be compared to like how most currencies (before the 70s) we're backed by some sort of precious metals.
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@olisaignatius ·
i am very much interested in investing and knowing much about bitcoin.....but i dont have money, i am a student ......i believe you will teach me more@ddangerwu
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@onealfa ·
$7.44
If one is asking "what is the value of BTC"- most likely it has no value to the person who is asking this question.
Because those who for got BTC, who HODL them for years - has perfect understanding from where is this value comes.
As simple as that
👍  , , , , , , , , , , , , , , , , , ,
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vote details (19)
@billybonus ·
Great post! Follow me and i will follow you. I will auto upvote anyone who is following me.
---------------------------------------------

Check https://mykucoin.com for more Cryptocurrency news
👍  ,
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vote details (2)
@bitcointip ·
I am very glad you are talking about this because I believe your voice is likely to be heard. I know others have talked about this in the past, but I don't see this being taken as seriously as I would like it to be.
👍  
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@ddangerwu ·
$0.13
it is simple to people who are already understand btc's value but let's get more people who don't yet understand to start thinking about it. we often are blinded by the "knowledge curse" in which we dismiss things that we deem are simple because it is very basic to us, yet to other it is often the first steps of understanding that is the hardest to grasp. as an example, if you have understood algebra, it seems very trivial to you to be asked why is 2+2=4. yet it is exactly that simple addition that is needed for understanding of algebra.
👍  ,
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@ebargains ·
$18.20
BTC has to be understood first before it becomes valuable in someone's mind. The people asking questions are on the right path; they just have to be guided properly.

BTC has value as a trustless exchange of value protocol, but it could have been so much more if it had dApp capabilities.

But on the other hand, if the BTC group(s) focus on enhancing the value transfer protocol to make it comparable to the tps of Visa or MC while increasing security and decreasing fees, the value of the BTC protocol will be even higher.
👍  , , , ,
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@cryptozw ·
$0.10
Well said. one has to understand the gist behind, why it was brought on the seen. What the developer had in mind and problems he wanted to solve. Then come onto why it has appreciated the value to where it is now and how. To expects, all this info can be understandable in not time but to bums, crypto is something that they think is for the 'elite'
👍  
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vote details (1)
@extremedistaste ·
But just because a smaller percentage of the population believes something has value, doesn't mean it actually has value.

The same thing can be said of people who collect fine wines (or anything, in actuality) - to the small subset of the population, these wines are valuable; but to others the wines are merely tools to get plastered. It gets even more intricate when you take into the account people who see wine as disgusting and therefore has no value, or those who just see this expensive wine as overvalued and are waiting for prices to decrease.

I think there's a mix of all these types of people in the cyrptocurrency space, making it even more pertinent to establish why something has value in the first place. Me getting a group of people together and saying "Because I've held onto this position for so long, you should also join our group and hold onto this position for a while because it is inherently valuable" wouldn't cut it in any other space, so why should we apply the same logic to cryptocurrencies?

Nonetheless, I do think cryptocurrencies are valuable (bitcoin not so much, personally) - the key is getting the rest of the population on board.
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@excy4yaweh ·
MAKING A WHOLE LOT OF SENSE...DUDE
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@onealfa · (edited)
$6.22
To me the value of BTC is Not that it is **$10072.30** (as of this moment)
The value is in changing this planet.

One day long long time from now, possibly hundreds if not thousand years, children will learn in the first grades of school:

** List of events and inventions, which had biggest impact in evolution of this planet Earth:**

## Invention of WHEEL
## Invention of  speech
## Invention of writing
## Invention of  electricity
## Invention of  Bitcoin ( blockchain)
https://i.imgur.com/hy5fv6G.png
👍  , , , , , , , ,
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@n0size ·
Bitcoin gets the value from the speculations of holders/users.
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@replaycoding ·
Technically, no currency has any value except what we assign to it. Cryptocurrencies are the same, many people invest in bitcoin. This can change the value of any currency. So, you are right, and wrong. At the same time
👍  
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@bagzinga ·
$0.14
I want what you're smoking plz
👍  , , ,
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@techstack ·
> If one is asking "what is the value of BTC"- most likely it has no value to the person who is asking this question.

Ha ha ha... that's true.
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@onthehook8 ·
The price of Bitcoin is all about demand, supply is set. It's simple, do you think there will be more or less demand in the future.

Name another major asset where supply is set...
👍  
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@overmuch ·
Great post!  Our civilisation will actually **REGRESS** unless it chooses to have more respect for basic human rights. The more people realise this, the more cryptocurrencies (i.e. bitcoin and a few other alt coins) will rise in popularity and value. Thank you for contributing to this endeavour.
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@paradise ·
Nice work my friend. Really good explanation!!
Upvoted and follow you. See you in next post.
Thanks again for you video
👍  
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@phgnomo ·
$0.02
Bitcoin raised a very important question on everyones mind:

**Do you really control your money?**

In this digital era we are living, cash is something that less and less people is using on a daily basis, and if you think about it, cash was the only real way that you would have a direct control of your money.

The banks started an era of making it easier to manage your wealth, since it was impractical to hold all your liquid wealth in one big coffer on your house.

Also, the banks were a big improvement on the economic side, since now people could more easily lend money to each other, most of the times to fund a project that would improve the society as a whole.

But in time, a big problem started to form: A small amount of entities started to have a control over most of the money circulating on the world. Things could work fine, if greed weren't one of the basics human feelings.

What we have today is a small amount of people that have the possession of everyone elses wealth. And we have to trust these people that they wont just close the doors and run away.

Bitcoin started to solve these two big problems: physical impossibility to store a lot of cash, and the need to trust another person that he wont disappear with all you life savings.

The price of the Bitcoin is the smaller thing that give it value (and remember that value is not the same as price).

The Bitcoin protocol/system/network + plus the easy access we have to information, where if some quick digging we can find out what most of the big players on the financial world do with our money is what gives the true value.

It's essentialy a paradigm shift on our relation with money.
👍  
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@philakonecrypto ·
No follower here. Love your stuff. Upvoted.
https://steemit.com/bitcoin/@philakonecrypto/bitcoin-btc-feb-22-technical-analysis-afternoon-update-support-zones
Please keep up with my daily BTC analysis. I'm a crypto analyst with a passion for Elliot Wave Theory. Please consider following me if you are looking for original content as my goal is to help improve the crypto community. I hope it'll add value to your crypto career through my enthusiasm and love for crypto.
https://twitter.com/PhilakoneCrypto
https://www.youtube.com/users/philakone1
<center>![](https://steemitimages.com/DQmbTxLH3WEEDs3qQuzE2CHYARNiPqTrU5eMHAbtBMymrdn/image.png)
</center>
👍  ,
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@philander5up ·
BITCOIN IS KING
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@plgonzalezrx8 ·
What people fail to realize, is that, just because it doesn't have value to THEM, doesn't mean that it is not valuable.

For example. Gold..... what is a "real world usage" of gold? 99% of the use of the gold is for  luxury and jewelry. So, value sometimes, can be arbitrary.
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@postpromoter ·
re-ddangerwu-the-reason-that-bitcoin-has-value-is-because-get-100sp-delegated-to-you-by-commenting-20180222t131740663z
You got a 27.42% upvote from @postpromoter courtesy of @ddangerwu!

Want to promote your posts too? Check out the [Steem Bot Tracker website](https://steembottracker.com) for more info. If you would like to support the development of @postpromoter and the bot tracker please [vote for @yabapmatt for witness!](https://v2.steemconnect.com/sign/account-witness-vote?witness=yabapmatt&approve=1)
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@pqbd ·
The value BTC derives is from the global trust that it has earned like no other coin has. Secondly, most people use Bitcoin as the gateway to investing in other blockchains. It's neither a stock nor a commodity. It's the most liquid coin there is. 

Bitcoin has turned everyone into a venture capital firm essentially, without having to invest millions.

To me, this is the power of Bitcoin.
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@pqlenator ·
We see Bitcoin as having value because we are losing faith in the fiat money system which is completely owned by the worldwide banking cartel. 
Does that sum it up well?
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@rakly3 ·
"You can't eat Bitcoin"
http://i0.kym-cdn.com/entries/icons/facebook/000/004/457/challenge.jpg
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@ddangerwu ·
hahaha challenge accepted?
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@chireerocks ·
***Ha ha, i will play virtual Bitcoin games and will eat Bitcoin. 🙂🙂***
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@resquia ·
Buy the DIP!!!
https://i.imgur.com/dcdjB2E.gif
👍  
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vote details (1)
@reveurgam ·
Well, first it seems to me that it is another fiat currency with the significant difference that its validity comes from its crypto status instead of because it's issued by a nation-state.  This puts it on the level with other alternative currencies, which are often created to (1) protest the stranglehold that the financial empire has on much of the world, (2) create an insular local economy not as prone to price fluctuations (when it's robust enough) and market manipulation, (3) to allow like-minded individuals to use a different way of exchanging goods and services that is, at least in theory, less visible to the government, and/or other reasons.

You can argue that it has value because WikiLeaks can profit off ownership of BTC, which is great, but BTC is also used by other "ventures" that are definitely criminal and/or evil in nature, thus it's a balance (in theory, if not reality) and we cannot look at the limited rationale of supporting WikiLeaks (no matter how noble their efforts are) when speaking of something that is far-reaching and equally available to "good" and "bad" groups and individuals.  Money is money, and it has no inherent moral value.

I'm not an expert on this topic, but it boils down to the fact that BTC has value because people choose to accept that it has value and are willing to speculate on its future for the above reasons (and more).
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@reviles ·
i think we wil see alot more off btc this year there are many different opinions but that its here to stay is for sure i think;)
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@rhondafairman ·
It is generated by work and the expense of energy and peoples' time and effort.
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@robi ·
$0.14
they dont ask me often they just tell me its going to crash haha
👍  
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vote details (1)
@runa44 ·
the wonderful post.i like this post thanks for sharing @ddangerwu 
& upvote ,resteem you post...![download.jpg](https://steemitimages.com/DQmdtELjjaEGSrmrRgTv4G8ndmXAxqAPwGdSWPMZxeBfKpQ/download.jpg)
👍  ,
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vote details (2)
@abudabor ·
i followed you , i would to be one of my followers
👍  
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vote details (1)
@ruralbrewer ·
I had no idea where you were going with your analogy but got to the end of the vid and am mad impressed. Eye-opening stuff.
Keep on keeping on with the good stuff
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@salahsteem ·
If one asks "What is the value of your House", in all probability it has no value for those that ask the question.
Because the people who got your bit, United Nations agency R. Hoddle for years-they have a full understanding of not grown come this value.
That's clear.
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@sankalptamore ·
so true!!!!!!!!
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@saqib143 ·
very informative post thank you dear @ddangerwu
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@sarahjanele ·
$0.73
bitcoin is just the beginning!
👍  
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vote details (1)
@saulosoares ·
Bitcoin value is comprised of a combination of its utility as a store of value, means of payment and unit of account. Those together are so dynamic that the volatility is way too high.
👍  
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vote details (1)
@seekerjuice ·
Because... I'll buy it.
👍  
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vote details (1)
@sensation ·
I think bitcoins value can be translate to the amount of support and faith in the currency.
👍  , , , , , , , , , , , , , , ,
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vote details (16)
@warlordbd ·
@sensation tnx for upvoting me. Your upvote helped me to get my first steem dollar keep up tue good work plz follow i am also following you😊
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@shanghaipreneur ·
Another great vid from duh duh duh Danger Wu!!!!

At first, I thought you were going to get into Foucault's Prisoners Dilemma, but then I realized you were actually telling a true story.

To me, the value of Bitcoin lies in its unique technology to store an immutable record of transactions from the genesis block in 2009 to the end of time immemorial without even the hint of possibility that someone could cook the books or doublespend the same coin. It is a tasteless, odorless, borderless, soulless store of value that is accepted around the world.

That is the answer that a technologist will provide you. But the true answer lies in addition to all of that bleeding-edge tech: Bitcoin comes with a fantastic community that loves, supports, and nurtures it. For some reason, they even passionately argue about whether its data blocks should be 1 MB or 8 MB, to the point that they even call each other names and get into fistfights about it. That's true passion!

As an example, Money 20/20 recently held a [payments race](https://us.money2020.com/payments-race) where they pitted 5 racers, each with one form of payment method only, to a race across the United States. Against seemingly all odds, do you know who one?

Bitcoin.

Because of the community that has sprung up around a revolutionary technology and "imaginary" currency created by an anonymous man.

THAT is the value of Bitcoin - the people who love it, the people who fight for it, the people that put their lives and their future on the line to educate, familiarize and proselytize the Bitcoin gospel.
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@ddangerwu ·
ya the community is a huge part of its value as well
👍  
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vote details (1)
@shawon12 ·
Yeah!!!bro good job...
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@shema99 ·
cierto
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@shinejean ·
Ohhh yea i love bitcoin for life is simplifed with bitcoin
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@shopiblock ·
Decentralized control of a cryptocurrency works through a block-chain (public transaction database) working as a digital distributed ledger. Since Bitcoin has taken the world by storm, it is a good time to invest in your own cryptocurrency and Shopiblock lets you create your own cryptocurrency on your favorite domain.
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@showboybeezy ·
Nice tut friend
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@silveready1 ·
Bitcoin has value because people see it as having value and being useful.
👍  
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vote details (1)
@softmetal ·
It may be still a little early to draw any solid conclusion about bitcoin at this time. But blockchain technology is changing the world for sure.
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@stateofthearts ·
Really like this post thanks for sharing! Bitcoin will bounce back. I do have some questions for you tho, in your opinion what is the best way to help grow a curation trail/initiative here on steemit. We are currently trying to link artists/creatives and create a strong art community on the platform. It is hard tho to start as a minow and continue to grow. Any suggestions/advice would be appreciated! Thanks
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@statsmonkey ·
comment
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @postpromoter valued at 186.99 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".
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@statsmonkey ·
comment
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @appreciator valued at 139.49 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".
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@steemit-fairy ·
thanks for providing info about bitcoin, bitcoin is something I'm learning everyday!
👍  
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vote details (1)
@djxmonir ·
good
👍  
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vote details (1)
@steemitmwanje1 ·
thank you for this wonderful  post, i hope to get more information from you
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@stef ·
$0.38
Bitcoin has a value because it is limited, because it is difficult to produce, because there are physical assets behind it to make it work (computer hardware, asic devices...), because it cannot be manipulated...
👍  
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vote details (1)
@stefan6969 ·
https://steemit.com/loredana/@stefan6969/loredana-crina-juglea-in-videoclip-nicolae-guta
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@strolch ·
Thanks for sharing your ideas! But I don't think this is what gives value to the bitcoin. There are a lot of other reasons that give bitcoin a value and a lot of other ways, maybe even better ones to donate anonymous.
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@sumanpuja ·
The real value of any Cryptocurrency is determined by the market. It is not controlled by any central bank. Cryptocurrency is controlled by an algorithm which cannot be changed by anybody. So, nobody has the control on how many such Cryptocurrency can be created in future. Most of the time, the total number is fixed. Cryptocurrency value is decided based on the relationship between supply and demand. So, it is of less importance to measure the real worth at any given moment. Its value can go up or down based on supply and demand. The value of most government-issued currencies is based on physical commodities like Gold, but cryptocurrency value is based on faith and fear. Any good news in the market can increase the value while any bad news will decrease the value. Government regulations, new legal rules, country-based restrictions, etc are the very important aspects in increasing or decreasing the current market price of cryptocurrencies.
👍  
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vote details (1)
@tdot.ruth ·
Energy is currency

All energy exists in the current moment

Eagerly ignorant, conch-blowing past leadership decided to use imaginary numbers and symbols to reflect the amount of currency an individual has charged up in the present moment.

Monetary systems such as the Doll Lair and Bitcoin provide a way for slaves to exchange metered and monitored currency when unable to love each other in a real way aboard a pirate ship. Understandably!

Bitcoin has value only to us slaves in fear of not being seen as the super-beings of eternal light we truly always Are.

Currency is valuable for what it is, present energetic life. Bitcoin is like a placeholder for hamsters to come back and say "no look at my stack of government cheese I held onto during the sugar-water drought!" .. "I'm rich, bitch!"

Cool story bro where's your eSteem tho? Chill and love yourself those are just imaginary numbers didn't you know? Our currency can be used to produce solutions to the original issues that got us at the bottom of a pirate ship stacking krafted singles in the first place.

To build up each other's currency further until the steem engine breezes past the time machine for good.

Bitcoin has absolutely zero value outside the prison. Great video, love You All!
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@thanmyint ·
thank for the information
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@tillysfamilyfarm ·
I see Bitcoin, in fact ALL crypto currencies, as a new kind of stock market.  The difference to me, is that the "stock" is not a share in some company, business, or a value of a portion of some tangible good/s.  It is a steak, or claim on a universal currency.    Demand for any currency fluctuates, the same way the physical stock markets do.   This one just happens to be virtual.   I don not think crypto will go away.   It can't, really.   This is a digital age, and our old ways of paper & metal tenders can not keep up.   Especially when no two countries use the exact same forms of money.   Crypto  bridges that indifference;  easily translates from one country's monetary system to another's -even if not at the same value per unit for each one.    For those who play the long-game in the markets, crypto is is going to be as important to one's 'portfolio' as the physical stock markets.   Some folks have already figured that out and have made their moves.
👍  
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vote details (1)
@timeforachange ·
BTC has 3 values. The first one is that it is outside the banking system. 

Two it has a limited number of BTC that will ever be created. Just think about it how many U.S dollars are in existence. Before 911 Donald Rumsfeld admitted that the U.S Deference department was missing about 2.5 Trillion Dollars. Today the number is around 6.5 Trillion. This is off balance sheet debt. This is money on top of the admitted debt of 20 Trillion. 

Three is simply as a payment platform. This video talks about going around the banking system. There are charity's that are being shut out of funding, paypal turned off. One example is vets4childrescue.org The founder said because of the political power of the people that they are targeting there funding was cut off. The have resorted to snail mail and asking for checks or cash.
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@tobleron ·
I shared your video on my Facebook, very inspiring use case thank you. I will not be able to upvote your post because you've just recommended something I'm entirely against:

"You may earn curation awards using my STEEM manually OR use a service like SmartSteem to vote automatically for you. Just click "sell your votes" button, log-in/authorize and you are set~"

This is very cheap.
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@trayan · (edited)
First, thanks for your insights and this open discussion. 
For me personaly as a participator of this digital currencies rEvolution, I guess BTC will continue to HODL power on people's minds :) and to have some kind of REAL value because of the time, energy and so on invested...
As for the different blockchain technologies NOW and ahead we'll see much more potential and energy sustainability like more ecological at least... Which means more functional everyday coins and some other types for proffessional trading and different markets.
Peace on. :)
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@tspink ·
To me the value of BTC is that it is decentralized. Now I know a lot of people are saying this and you've heard it all before but lets really think about this for a second. A truly decentralized currency means no one person or entity controls it obviously. Thus, no one can create more of it and thus it is inflationary in its own standards rather than deflationary in comparison to say the U.S. dollar where one can decide to simply print more of it. This in turn protects the investor since no one other than the sole investor has control over the currency at any given point in time. In addition, given time the value will rise instead of being subject to price manipulations like other currencies such as the U.S. dollar or any other fiat currency. To me these are the reasons by which BTC (and for that matter) all other cryptocurrencies have value.
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@turez ·
bitcoin is bitcoin, simple
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@ugetfunded ·
For those who don't understand the value of BTC:
![](https://steemitimages.com/DQmQPMJdQdG3BCJKkigkA5SJ9fPg8NyGzNNd3mSVRarEpRW/image.png)
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@ddangerwu ·
haha where are the power-up balls?
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@vandres ·
Super cool.
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@veerall ·
BITCOIN IS WAY TOO EXPENSIVE TO USE. ITS COSTS A BOMB TO SEND/RECIEVE BITCOIN. ALSO NOW ITS ALREADY BEING CONTROLED. THE BEST BET IS BITCOIN-CASH AND MANY PRIVACY COINS. I THINK BITCOIN WILL LOOSE ITS VALUE SOONER OR LATER, NOT IN TERMS OF $$, BUT IN TERMS OF USING IT. IT WILL BE LIKE INVESTING IN PHYSICAL GOLD. HOWEVER IN TERMS OF RETURNS, EOS, ETHEREUM AND RIPPLE MIGHT BE A BETTER OPTION.
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@vitae · (edited)
From a systemic perspective, fiat currencies have no backing other than the trust placed in the country which prints the currency. Value is determined by the size and power of the government and other implicit/explicit factors surrounding the currency.

Cryptocurrencies fundamentally change this by allowing greater access to ownership in technical projects. Cryptocurrencies as a currency supersede the fundamental monetary principles under which fiat currencies operate by backing the underlying currency with either ownership and/or control.

Technically, we should be able to build a world database and utilize a utility token incentivize the storage of the "social DNA" (data) of Humanity - all that we create. Such a token would supersede all existing fiat currencies.
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@whatsup · (edited)
$0.13
removed
👍  
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vote details (1)
@ddangerwu · (edited)
$0.02
Hi, can you reconsider your flag? I noticed you've also flagged @flysky(which I agree is abuse) and the troll post by Bernie. I think you believe I was using voting bots to farm rewards and I present the case that I have quality content. It took a day and half to research, shoot and edit that video. everything said was based on facts and I presented a clear explanation for beginners to understand the value of bitcoin.

I do use voting bots but I do not post more than a few times a week, I try to promote quality conversations in the comments by rewarding 100SP delegation every post, and i have been actively reporting abuse of voting bot users such as @dobartim.

again, please consider removing your flag as I genuinely am a video content creator using the voting bots to promote my posts. if you'd like to discuss anything further, feel free to message me on steem.chat or reply to this. thanks for your time

-Dan
👍  ,
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vote details (2)
@whatsup ·
done.  I might have gone flag happy in a moment of being annoyed.  My apologies.
👍  
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vote details (1)
@wildcollector ·
at least i learn something though limitted in scope what bitcoin is all about. Some months ago a friend invited me for dinner  and on that diner some explained/lectured about BITCOINS...but i guess not even one probably out of the 20 or more who attended the forum joined bitcoins. Some reasons why i and other fellow retirees are adamant to invest in bitcoin:

l.   we could not fully understand /grasp the concept  on invesing in the bitcoins

2 The agent from the bitcoins seems to be not credible....he can t fully explain the mechanics of bitcoins

3.  where people in my areas had been victims of scam,pyramiding  lossing quite a sam of money , bitcoins will reallt have a hard time ...

i wih it can be plainly explained why go BITCOINS
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@xsillent ·
I remember watching this documentary in or a little after 2007, it was called Zeitgeist, made by Peter Joseph. The documentary itself was split into three parts, the first one talking about God, the second one about 9/11 (I'm not a truther don't worry), and the third talking about fractional reserve banking. I really didn't like how that system worked and have hoped for a solution ever since watching that. 

Several years later I'm listening to Andreas on the Joe Rogan Podcast talking about this new thing called Bitcoin, and I was instantly in love. Have always been playing it safe by following the crypto world but not necessarily diving head first into it (have been considering it more lately), but I really believe that this technology can change the world, and it might be one of the few things that could change the world peacefully. 

Fast forwarding to today, while it's great to stare at prices, and hopefully make crazy gains if you have money to invest into it, the mission and promise of crypto is so much more than making early adopters rich. It's why even if I don't make any money from this enterprise, I could want nothing more than for these sets of projects to succeed. I also hope to be an ever increasing part of it going forward.
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@yandakuala ·
good job friend
happy to work because success can be achieved by trying
👍  ,
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vote details (2)
@youcool ·
GOOD!
👍  
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vote details (1)
@youngjerv ·
$0.02
I'm a new follower but this was a excellent post my friend, looking out for more
👍  
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vote details (1)
@yourlovelyness ·
Still on hodl with my btc! :)
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@zeddjacob ·
You can compare bitcoin and all of the existing cryptocurrencied to gold. Aliens from other planets might see gold as shit. In our case, we see value in gold because we know it's rarity and beauty. Just like in crypto, the smart ass can see that crypto has the potential to give the people the power other than the 1% taking all the power because they control the fiat currencies.
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@zemiatin ·
I loved the video.

Bitcoin has the potential to become the people's currency, a free currency that is not controlled by governments and banks. This is why Bitcoin has real value and this is why in my opinion the only way for Bitcoin is up. Governments and banks are getting scared of it and they have every reason to be. 

Just think about the FUD spread by the media in the last couple of weeks. X country bans this, Y country bans that, Z  bank doesn't accept crypto buying anymore. This FUD is here because the big guys are scared. And they are scared because Bitcoin and blockchain technology are going to change the world.
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@zotello ·
The video explained why Wikileaks has an interest in Bitcoin. It did not explain why bitcoin has value, nor did it explain what gives it value other than fluff (eg. Freedom of expression, how your money is used, a reward).

You need to go into more detail on what gives bitcoin its value as a cryptocurrency. Is it demand, anonymity, easy of access, decentralisation? Also you need to address the effects on Bitcoin's value as an intangible currency, I would say compare a fiat currency with bitcoin, and explain the differences and what give each of them their specific value.
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