RE:RE:RE:OT - BTCBunge wrote: Rumpl3StiltSkin wrote: Bunge wrote: Could someone, without being condescending (tough ask on the Internet), please explain to me in layman's terms why lines of computer code are so valuable?
I'm banging my head on this.
Just because they're devaluing fiat currency at a record pace doesn't mean anything and everything else is valuable.
I still just don't get it.
Why indeed? My take is it is as simple as because people have determined it to be valuable. Of course it has no intrensic value the way gold or an old Ferrarri does. It wont be worth anything in a Zombie Apocalypse. No Computers, no electricity??? Maybe the offline 'coins' written down as code will still be worth something???
The Islanders of Micronesia around Yap used to value giant stone 'coins' as money, the chiefs would trade these coins and occasionally one would fall off a ship during transit, those 'coins' are still used 'symbolically' today and even the ones at the bottom of the lagoon are still accounted part of a chieftains wealth.
Humans can attatch value to anything I suppose...
If scarcity is the key I could always start selling my morning poops.
Only one produced and day and very limited supply.
If I die tomorrow NONE will ever be available again.
Private message me for my Ebay listing if anyone interested.
I hope the Zombie Apocalypse 'gets me' before society, in any meaningful way, values your poop. No offense.