I haven't met Luke, but what an perfect name for the topic. 聽He clearly expressed what I keep telling people
He states..
聽" To those who say Bitcoin is not real or has no value: Value does not 聽exist in the object, value exists in the subject. The subject is the 聽human mind.馃挮 聽The value of gold does not exist in the gold itself, it exists in the 聽mind of the subject. For example, if there is no one around to hear a 聽tree fall in the forest, does it make a sound? Likewise, if there is no 聽one around to use gold, does it have value? Secondly, forget the fact 聽that Bitcoin is called a 'coin'. Coin is just 聽a word. The word coin has a specific meaning. Calling Bitcoin a coin is 聽exactly like calling an Ebook a book. An Ebook is not really a book in 聽the physical sense. Just like Bitcoin is not really a coin. But that 聽doesn't mean Ebooks and Bitcoin are not physical. They exist in the 聽physical world just as much as gold. What a bitcoin is is an agreed upon 聽ledger that says you have a quantity of something. That ledger exists 聽in the physical world and it has value in the mind of the subject. 聽Bitcoin is just as real as gold and silver. Both physically, and 聽ideally." -Luke William.聽
