It is my comments to Peter Schiff on Bitcoin Challenge:
How to ask the question? Here is my comments:
1. Bitcoin is not for store value actually, it doesn't have intrinsic value,it is not backed up by underlying assets. So, the point is same with you
2. Bitcoin has value as it is being a speculation asset, people buy and sell it.
3. As long as people speculate using bitcoin through exchange, it has value through Exchange or selling it to other value.
4.Satoshi has created bitcoin as digital. Bitcoin is actually doesn't have intrinsic value as like Fiat Currencies.
5. I will talk more about Crypto asset and Blockchain. Let talk about Utility token of a platform like Eth, bsv, waves. As long as the platform is needed and has big ecosystem, there will be demand to use the platform.BSV is positioned to represent fee to store Data in Blockchain
6. The Blockchain is best place to store Data as it is immutable, can not be altered. So, BSV as the currency of the platform is valuable as long as many people use the platform to store Data like video, doc, file. Think like Google Drive, Amazon Cloud
7. Blockchain is also can create token, think like my token TheGreatCoin in Waves Platform. It is designed to be store value as it will be backed up by Companies, real Estates or even gold. TheGreatCoin represents the value of them. Think like ETF, Just the unit use token
8. Think like Libra. It is created to be backed by a basket of Currencies or even government securities. It is the store value will be used for payment or Currency
Mamat Rohimat
Founder TheGreatCoin
No comments:
Post a Comment