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We create value out of nothing everyday for ages.The fact that it is been done with the internet now changes nothing.
by 3001 6y ago
We create value out of nothing everyday for ages.The fact that it is been done with the internet now changes nothing.
- deleted 6y ago[deleted]
- tinalumfoil 6y agoWell, value is human concept. Things are valuable if people are willing to give up other valueable things for them. The fact that people parted with hard-earned cash to watch John Wick 3 but not Hellboy doesn't have anything to do with fundamentals or cash flows, human opinion is the only thing relevant. It's also not really created out of nothing. A lot of real work goes into making bitcoin a thing. Electricity isn't made by magic. On top of that people seem to forget that market caps aren't real. Just because no holder of X is willing to sell for less than Y, and nobody is willing to buy X for more than Z does not mean all X is worth Y each or Z each or anything in between. The real value of all Z is impossible to know but probably less than Z each.