I am really glad that you see this as knowledgeable, I put a smile on my face.
 
I aim to be as concise and coherent as possible and I know it does not always happen to be the case :)

And how would you present the problems and solution so that anyone can understand them? I found this to be quite difficult because a lot of context seems to be missing.

One of the things related to blockchain that gets me really excited is its role in facilitating digital direct democracy. Its the first time in human history that we have the real infrastructure needed to create such a wonderful thing and it can be done directly on a smartphone. The first major step in this direction is to embrace digital identity and I hope we have a viable blockchain solution as soon as possible.

How do you see this transfer of power back to the people ocuring?

I hope you are not holding your breath.

If you like what you read, I would really appreciate the support. 

And regarding the community engagement you mention, it would be my pleasure to do all the above stated :).

I can agree with the stance @hobo.media takes about some 'intrinsic value' to be derived from the survival utility of a substance or condition.

I might go a step further to say that other things can have a sort of 'extrinsic value' insomuch that they can be exchanged for things of intrinsic value. While I cannot eat a Bitcoin, I could exchange it for a lot of pizzas and so realize it's value in this sense.

I could also put it another way. Value is a measure of how much one wants something. Things of intrinsic value necessarily generate a basic level of want. Biology demands water for it's processes and so we want to drink. This want-value I think is a bit more general and can be applied to things like speculative assets and luxury items as well as utility items like computers or necessities like nutrition.

Market cap is not that important, I agree on that. While Bitcoin went to all time highs in January 2018, it was actually Ethereum that caused it to go to that price of 20k. This is because of the ICO bubble, it inflated the value of the entire market. 

As for a store of value, well, I do subscribe to the thinking many people have that there is no such thing as intrinsic value. So, a store of value, in many respects, is merely an imagined value within the mind of the person storing it. 

I do believe in intrinsic value, but the only things that truly have intrinsic value are the things that we need for actual survival. Although water is not highly valued in a city, but greatly valued in a desert, it does have a base intrinsic value. We need clean, drinkable water, regardless where we are. 

Gold and cryptocurrencies are not things that can have intrinsic value, because they are not essential to our physical survival in any direct sense. However, they do have a subjective value in the same way baseball cards have a subjective value. As long as someone is likely to care about the item, it can become a store of value. 

Bitcoin is actually terrible gold. Everything gold is good at Bitcoin is terrible at, but Bitcoin has one special use that gold is terrible at: teleportation. 

Bitcoin can teleport from my wallet to yours in 10 minutes. It doesn't matter where you are, I can send you money you may need. This is valuable in many situations, and for this reason, there is likely going to remain someone interested in dealing with you in cryptocurrency for years to come.

haha, i have been reading some comments and i found each of them quite amazing. Anyway this is my little tip on the topic of value. Value comes from the users of a commodity and it's worth is determined by the people. But sometimes you would need a product to back your value you know and that is where all these blockchain solutions that are coming up are trying to develop an ecosystem which is going to drive the liquidity of their cryptocurrencies to keep the value and sustain it. Hope this helps :)

Kelvin writes @Ikkelins

Dear Piotr, till this blockchain is connected with just cryptos it will be not understand by "regular Joe".
Only who have some knowelage about crypto can understand, for others this is a hidden world where only liers and bad people play, unfortunately in most of country people think that Bitcoin is the black money....

I think one needs to make distinction between price and value. Price is the short term fluctuations of a crypto currency, while value refers to the long term benefits and positive impact of a cryptpcurrency on the lives of users and investors.

I think that human perceives things as being valuable if they save money, time, energy; or if they create self-esteem, relaxation or happiness.  These are all things of great value to us and I would try to explain this by asking people what they value the most.

Hello crypto.piotr, here again.

The subject of Value is complicated and I usually explain it by making a monetary comparison, above all because many people associate value with money alone.

Value really is what you are willing to give for something in particular. The value of a particular thing can be different for each person. There are those who value their mother more than their children and there are those who value their children more than their mother (my particular case), so Value is what we are willing to give to have that thing we want. Another example would be an auction, suppose that Elvis Presley's guitar is being auctioned, the auction starts with a value of 30,000 USD, then some offers 35,000 USD, another person offers 40,000 USD and a third person finishes offering 60,000 USD. What's happening? That the 3rd person valued Elvis Presley's guitar more than the other two people did. For this person the symbolic and sentimental value was greater than the one that the other two person gave to the guitar. Maybe this person is a collector who values ​​these things very much and will allow you to have very good conversations about this guitar (surely this person gives a lot of value to personal relationships) and for that reason he was willing to pay the price, he considered that the $ 60,000 worth it. I could have a lot of millions but the value that I would give to that guitar would not exceed 3,000 USD.


![2do-Pie-de-pagina-Steemit.png](https://cdn.steemitimages.com/DQmQtK1ASNvaouXedAGAYu6wnLtKWRdNkhJ1ZwYXHvbFPCN/2do-Pie-de-pagina-Steemit.png)

Dear Piotr Sir, 

Be it a product or commodity, it's value depends on the impact it makes in the minds of the people and Supply & demand follow suit! 

For example, here in India, our people prefer investing in Gold rather than any other thing. The value that precious medal earned in their minds is due to it's glorious past history which is without any disputes.

I was telling people that it is okay with them to invest in Gold,  but told them to make it (Gold: Bitcoin-70:30) and asked them to check how Bitcoin performs superiorly with block chain technology, how secure and transparent each and every transaction will be and the like.

Regards, 
Srinivasant

Posted using [Partiko Android](https://partiko.app/referral/marvyinnovation)

I think that price and data is important because it's the only information we can measure with many blockchain projects. For instance if i were to look at price in traditional investing i could have an underlying asset that is at discount in the market or at a premium. However i could then inspect the balance sheet. See what assets they hold minus liabilities. So then i could come up with a book value as opposed to a market value.

As we can't see the inside workings of projects and we take exchange data. We have a tough time deciphering value however it's all we have to go on. This is why in my opinion social networks are some of the best uses of blockchain tech and ascertaining value. For example i could see activity and demand in the process of social media accounts and be able to gather that there is actual attention value there. So that is valuable.

Unfortunately social networks on the blockchain haven't been very impressive. As blockchain tech has been out now over a decade. We've only seen projects with a few million people. Dapps with a few thousand daily users. So i would be more determined on finding some real idea of value in the amount of users and the time they spend on the platforms. Some say well the technolgy is the value. I tend to think the demand creates the value. As we all have different measuring sticks to value as well.

if you take facebook with billions of users. It really doesn't matter if a social network has more tech or features or what have you. It matters how many people use it and find value in it. So the value in my opinion comes from branding, users, time on the network and it's improvement to society. As far as other blockchain projects. I'd say that their value remains to be seen. if it's some tech meant to change the world in use there is value in that because there is use in that. Decentralized ai over the blockchain is a compelling use and value to blockchain technology. As it stops the race of ai falling into the wrong hands.

Most of the people who entered this field did not enter it because of the development of knowledge or the exchange of ideas (I was also at the beginning) but the goal was to make money and develop daily income. The physical obstacles experienced by the world's population push them to search for other means of profit and the field of the Internet is a wide area and may be possible if the person choose the profitable field.

Greetings

Dear @crypto.piotr

I believe that value depends on a lot of things like:

Perception

What does a person consider as valuable. For me, I consider bitcoin, steem and other cryptocurrency as valuable in addition to fiat currencies, precious metals and other tradeable stocks.

Situation

Assigning value to an object depends sometimes in a person's condition or situation. If a person is in a desert, he will surely value water over gold, silver or any other things- as its more essential to his survival.

Knowledge/Education

Well, for most of the people and, I am living now in Australia, they still do not know the difference between bitcoin and ethereum here. So basically, one's knowledge of what is valuable depends also on his education and accessed information.

Opportunity

A lot of guys in the stock market are very much familiar with this and well, in lay man's term, asking simply yourself- what is more valuable now- gold, silver, fiat or cryptocurrency. Well, that depends on what the chart in the stock market are saying, right?

To sum it up, if you wanted to convince anyone on considering anything valuable, you get to profile them first so you can determine the most appropriate method to get them on your side.

Thanks @crypto.poitr
For me value and trust are very separate entity. Let suppose,  value of my high end watch is $1500  but I am trusting my $100 mobile more when I have to check/report the time.
It is difficult to sustain the value without trust but if their is trust then value can be generated.

Hi Piotr, you are totally right. I just wrote something similar in my native language to the Czech community, that the value we have in Steemit and Bitcoin is great. We are a very lucky generation in my eyes!

Everything has value. Even something as intangible as thoughts have value. We value things compare to one another and those comparisons fluctuate with our needs. 

We value thing according to how they influence ourselves and environment. For example, food is valuable as the fuel necessary for all life to live and continue their quest to influence and experience the world. 

Currencies are token of influence meaning they can be used to store influence and use to influence. They also use to be a representation of work or influence done. Gold coin are proof of work or proof someone had an influence on their environment, i.e. gold mining, smelting, coinage etc. 

When a nation is conquered, the conqueror decide of the currency that most suit them. The currencies that suit tyrants and pseudo democracies the most are fiat currencies. 

Fiat currencies aren't backed by proof of work like precious metal. Those currencies can be created at will by the tyrantd. those currencies are made legal tender meaning they have to be accepted by the conquered. Without doing any work, tyrants increase their influence on the nation using their tokens of influence created out of nothing. Their growing influence decrease their critics  influence. 

Cryptocurrencies have a serious shot at disrupting this scheme. Bitcoin emission rate is cut in half every 4 years. It means the network's maintenance cost is cut in half every 4 years. 

Let's say around $2B worth of electricity has been used to mine Bitcoin in the last year producing around $2.5B worth of Bitcoin. 

Fast forward 20 years later or 5 halving later, $2B worth of electricity would produce the same amount of security but so much fewer Bitcoin because of the halving. 

Bitcoin would have to be worth many magnitudes more for the mining to be profitable by that time. 

Bitcoin network perceived value will grow as the lowers fees attract a growing number of speculator and the stable maintenance cost of the network reflect a sound monetary system that is better than the current one for reasons that are hopefully obvious to most by now. 

Any tyrants trying to stop cryptocurrencies will face issues as a growing numbers of common folk and other tyrants (allied or enemy) invest (publicly or secretly) in the technology. 

It's not just about Bitcoin. When Bitcoin grows in value it also benefits the whole cryptocurrency space even those withoutmining schemes. It should be kept in mind that the bigger marketcap always have a bigger influence on the smaller market than vice versa. 

Still some coins have proposition value that Bitcoin doesn't have. DPOS is one of them. 

I've wrote this from my phone. I've wanted to write on the particular topics touched in this comments since around 2013. It might not be as clear as I want it. 

I'll eventually rework it. All comments are welcomed.

I don't think price volatility really effects bitcoin's use as a store of value. Store value is definitely a long term perspective. It certainly affects bitcoin's use, added  as a medium of exchange. But as a store of value... you know if you are buying and investing in Bitcoin and using it as a store value then you have a long term perspective. Certainly more than a year.  Volatility really is an expression of size.
 
I think there's a broad misunderstanding about how volatility is dealt with in capital markets and currency markets. The idea that regulators control volatility in a currency I think is an illusion.

Regulation doesn't control volatility. If anything, regulated markets that don't have enough flexibility and liquidity are more volatile. I would say the biggest contributor to volatility is the small size of a currency. 

And you've got to understand that bitcoin is currently traded on a global basis unlike most other national currencies that have primarily domestic markets. And it's market cap is smaller than some national currencies. But bitcoin will become less volatile as it grows. 

Bitcoin is what internet was in 1993. People were not so familiar with it, only minority was using it. And through the years, it became a part of our everyday life.  

Value of bitcoin is enormous. It is already changing the way we trade , how fast and how secure we can do things online, how we do not need any third party while two or more people are making an exchange, full decentralisation. 

I could write whole day about this. About all the technology that is behind bitcoin, when it all started....but I guess that's a bit too much for usual Joe  ;)

Love your comment @culgin

Thx for dropping by buddy
Piotr

Yep, you nailed it, configurable, on demand, participatory by choice, global trust is the new game. 

I believe I lack even the most fundamental knowledge about checks and balances and I agree that this is a very important aspect of what blockchain can facilitate. Do you have any recommendations where to research this a bit, preferably video because my brain processes it better in this format :)

Glad to be of help, you can refer anything you need!

Love your comment @indigoocean

Thx for dropping by :) Yours, Piotr

I think the most important people in the space are the developers. And I believe they think about crypto exactly in the terms of the problems it solves and benefits it delivers.

Can you point me in the direction of some projects that you resoante with?