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RE: The r0ach report 14: Defining if cryptocurrency has a value or zero value from a fundamental scientific perspective

in #steemit7 years ago

This was a very powerful read. Thank you for sharing. I am not able to refute your arguments on POW vs POS. What I can refute is your claim that based on certain conditions not being met for POW/POS then it has not value. Value is derived not from the type of system that a coin was created on, although that plays into it. However ultimate value is based on its utility and its demand, and both Bitcoin and Etherum have shown that it has both. ETH has shown utility with its ability to execute smart contracts which creates utility among multiple parties which enables transactions to take place based on certain conditions. This has driven up the demand for ETH as investors have had to purchase ETH in order to send it to the ICO. The ICOs (the good ones), have in turn, used those funds to create a product or service that has generated value for society. This is value...

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