What Gives Value To A Cryptocurrency (Or Anything Really)?
In order for a thing to be valuable, there must be something to give it value in the first place. That value can be in the form of being extremely useful, solve someone’s problem, convenience, help you save time, etc. There has to be some value proposition for a cryptocurrency (or a product/service) for them to have value.
Now, supporters of Bitcoin argue that what makes Bitcoin valuable is because the price goes up (but strangely, they don’t talk about the price when it drops over 80% from $20k to $3k). If you don’t buy Bitcoin, then they like to insult you with “have fun staying poor”.
Do you know where “price goes up” was often used as the **main selling point** of something? Ponzi scams. Feel free to read about the modus operandi of ponzi scams. It is usually put in money now because price goes up and you can get back more money later. If someone use this as a “value proposition” to sell you something, don’t walk, run away as fast as you can.
Let me be very clear.
**”Have fun staying poor” and insulting others is not a value proposition for your cryptocurrency.**
**Censorships is not a value proposition for your cryptocurrency** - https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43
**Propaganda is not a value proposition for your cryptocurrency** - https://steemit.com/bitcoin/@adambalm/in-2013-peter-todd-was-paid-off-by-a-government-intelligence-agent-to-create-rbf-create-a-propaganda-video-and-cripple-the-btc and https://np.reddit.com/r/btc/comments/8dd5ij/why_bitcoin_cash_users_reject_the_name_bcash_so/
**Threats and harassments are not value propositions for your cryptocurrency** - https://np.reddit.com/r/btc/comments/is1130/it_seems_tim_draper_is_being_misled_about_bch_and/g54x63q/
**DDOS attacks is not a value proposition for your cryptocurrency** - http://qntra.net/2015/09/xt-node-blacklists-fail-to-prevent-ddos-attack/
**Doing a bunch of unethical stuff is not a value proposition for your cryptocu...
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