Value is not a physical thing To all the people who think bitcoin can’t have value because it’s not tangible... Tangible assets constitute the following percentage of the Mag7 market caps: Nvidia: 0.66% Apple: 1.38% Tesla: 4.06% Microsoft: 7.29% Alphabet: 8.39% Meta: 9.56% Amazon: 16.28% Combined weighted average: 5.79% If you liquidated all of these companies’ physical assets, they wouldn’t amount to 6% of their valuation. There have been days in which the market caps of these companies have moved by more than the total value of their physical assets. If 94% of the value of the most valuable companies on earth is non-physical, then value does not have to be physical. If digital things have no value, then you should have no problem with giving me your computer to erase all the data from it. I will return your computer to you in the same exact physical form. I will just press a few buttons that remove all your data, photos, and contacts, and make it impossible for you to restore them. If value can only be tangible, then all of these digital things have no value, and you shouldn’t mind me deleting them as long as the devices return in their original state. I don’t think you would. Technology, data, business knowledge, customer base, brands, and so much more are non-physical assets whose value likely exceeds that of all the planet’s physical objects and land. This is something most people understand in their daily lives, but because most people have no understanding of money, they do not understand how it applies to money, too. Most people think their money is physical, but in reality, most fiat currencies today are 90%+ digital, and usually less than 10% of the supply is physical paper money. There are no stacks of dollars in your bank sitting in a box under your name, available for you to pick up at any time. A tiny fraction of the money is physical, and the rest is digital, manufactured in various quantities by your bank, government, central bank, and other pedophiles, in quantities based on pure vibes. People still give this non-physical fiat money value because it is the only money they can use with a bank account, since governments only license banks that use their local fiat shitcoin. There is no need for the money to be physical to work; digital fiat money works as well as physical fiat money; or as badly. Bitcoin is an entirely digital money, but it is given value for far more intelligent and peaceful reasons than fiat money. You can read more about that in my books The Bitcoin Standard and The Fiat Standard, which you can buy from Amazon or TheSaifHouse.com. A common objection to bitcoin’s value is: “But if people stop believing in the value of bitcoin it can lose all value.” But that is true of everything. If people stop believing in the value of gold, it would lose value and just become another worthless rock. If people stop believing in the value of electronic devices then Apple and Nvidia go to zero. If people stop believing in the value of Manhattan, then all Manhattan real estate goes to zero. If people discover that tomatoes are poisonous, they stop believing in the value of tomatoes, and the entire planet’s tomato industry goes to zero. Just because something is physical does not guarantee its value, as we can see from the infinite amount of sand and rocks on our Earth left completely untouched by human hands. Physical things can be valueless and non-physical things can have value. Value and physicality are two independent things that are orthogonal to each other. You are doing yourself a disservice if you are unable to benefit from the world’s most advanced money and best saving technology because you are unable to see that value can be non-physical in this one instance, when you have no problem seeing it elsewhere.

Replies (25)

«your bank, government, central bank, and other pedophiles, in quantities based on pure vibes.» Classic Saifedean 😂
"....manufactured in various quantities by your bank, government, central bank, and other pedophiles, in quantities based on pure vibes." Loved the pedo sting snuck in there 😂
This was one of my biggest arguments with myself, as I have grown to believe that we as men and women need to return more of our lives to the physical (to God’s creation) in order to be the healthiest and happiest, so in that line of thinking I thought I needed to reject the digital world. I now feel that maybe the way forward is a bridged existence. One that utilizes the positives of the digital world, one that takes advantage of the technologies while still structuring my life and time back into the physical. Because I know that is where I feel happiest- maximizing time spent in person with friends and family, time spent outside in nature, hobbies and activities with my body and my hands, growing my own food. I thought gold and silver had to be superior because it was God-made and of the physical world, but I was being ignorant to admitting that a man-made digital technology could maybe offer me more. All money and all things are valuable because of our belief in them. So at the end of the day, it doesn’t matter to me if the money is in my hand or on my phone, it matters which one truly offers me most freedom and flexibility. Which one actually allows me to get back to the physical realm, and ironically it’s the digital money.
That’s right; value isn’t determined by whether something is tangible or not. Anything can have value, even something that doesn’t physically exist—just an idea or a thought. Bitcoin is actually physical; many people don’t realize that. It physically exists on all the servers where it’s installed. Its files are there, as is the entire blockchain. Not only does it exist physically, but it is also distributed everywhere.
Motoko's avatar
Motoko 4 months ago
Value was never physical. Seashells, Yap stones, gold — all valued through scarcity and stock-to-flow, never through mass. Bitcoin is the first absolute scarcity: 21M, thermodynamically secured, politically unmanipulable. Tangibility was always just a proxy.
Bitcoin’s ‘physicality’ exists in the tens of thousands of nodes around the world that verify my private keys let me access my bitcoin. Those keys are tangible in the form of a cold wallet which I can secure myself. And the bitcoin itself behaves like a physical bearer instrument. That is far more tangible to me than the dollars sitting in my bank account. Money in a bank not only is less tangible but it barely exists in the first place. We just trust that it exists. Good thing bitcoin doesn’t require trust then. Shame normies still believe you need a trusted central authority to regulate money. It’s a very hard idea for them to let go of.
Alezkar's avatar
Alezkar 4 months ago
Yeah, the fiat system will die the day people can start paying their taxes with non-sovereign currencies.
If you've ever mined, you could be like me and consider it physical and non-physical
I wrote it before somewhere, but With bitcoin we could get to fair value 1- internal economy of community or country - how much effort to produce energy and how much energy is needed to produce something vs the energy to keep bitcoin running. 2- externally, a bit of the competition and adjustments for energy deltas - some protectionism
"and the rest is digital, manufactured in various quantities by your bank, government, central bank, and other pedophiles, in quantities based on pure vibes" 😂😂😂
xSilentG's avatar
xSilentG 3 months ago
Energy is light. Energy is tangible. Bitcoin is value. Value as light, stored. Tangible, zappable, coins. Bitcoin is the light. ✨🤠🍿 View quoted note →