I think it proves the evolution of your assessment of the utility and value of a scarce, unconfiscatable, immutable, borderless digital asset. People affix value. Most likely you wouldn't have had the same reaction to the consideration of gold in the place of Bitcoin in that analogy yet as per all of the above, gold is largely the subject of a store of value use case (as in that's largely what gives it its value).Let me think about this.....a car or a Bitcoin? I think you are proving how absurd the current valuation is. QED as they say.
Good for you - we all have to start somewhere! Lets see...alongside the criminals - how about citizens that want to shield their wealth from a regime that's gone rogue (of which there are many at any given time)?And for the record I don't think Bitcoin will reach zero.....as long as criminals use it, it will be worth something.
Do these potatoes have scarcity designed in? Can you use them to transmit value digitally round the planet in minutes? As with other such analogies, this one fails to accept and acknowledge that Bitcoin brings certain values to the table.If I were to offer you €12k worth of potatoes, would you accept? If so you accept that potatoes have a value in today's market. But I bet you'd be looking to off load them as quickly as possible right? Not hold on to them as a store of value for a few years?
I agree that there are plenty of issues to resolve. I don't think they're insurmountable but only time will tell.Bitcoin isn't that complex. Perhaps you could head over to the other thread and share your thoughts on how you think the scaling problem will be addressed? Can the protocol be adapted so that the current limit of ~7tps will ever come close to 100,000tps? Every layer 2 proposal I've looking into to date involves taking your money out of Bitcoin and into another platform. What are your thoughts on the power demands of proof of work? Is that viable in the long term assuming broad adoption in terms of cost versus reward, especially as we experience future halvings?