RE: CRYPTO AND BITCOIN THOUGHTS - JAMIE DIMON IS A CUNT EDITION

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CRYPTO AND BITCOIN THOUGHTS - JAMIE DIMON IS A CUNT EDITION

in cryptocurrency •  7 years ago 

Can tulips be transferred, instantly, anywhere around the world within seconds?

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No... But do Bitcoins look and smell pretty? :P

The idea Bitcoin can't be an asset because it lacks "intrinsic value" is absurd for this very reason. The "intrinsic value" of one bitcoin is 1/(21*10^6)*X where X is the value of the payment network that the btc tokens are part of. Unfortunately, knowing that doesn't change the lengthy price discovery process ahead of us.