WARNING: There are a number of scammers who are using my image and channel name to try to connect with my viewers on WhatsApp and other platforms to scam them. Just so you know, I will never refer you to "my personal trader" or try to connect with you personally to sell you something. I am trying to ban these scammers as quickly as they pop up. You can always recognize a scammer by clicking on the image and seeing how many videos he has. All of these guys have zero videos, while I have hundreds. I also now have a checkmark next to my name, so that you can distinguish the real Bitcoin University from the imposters. Follow me on Twitter @mattkratter

@tomb8269

Жыл бұрын

Aa

The intrinsic value of this channel is off the charts

@Bitcoin_University

Жыл бұрын

Thank you

@samuelnolan1579

Жыл бұрын

So true!! ❤

@maraim.k

Жыл бұрын

You said it all!

@garyfisherman99

Жыл бұрын

Intrinsically priceless

@theantil7

Жыл бұрын

Daily ATH amazing

What a beautiful phrase: People who tell you that Bitcoin has no value are suffering from extreme intellectual arrogance which is functionally equivalent to extreme ignorance. Made my day! So eloquent!

"Bitcoin doesn't have intrinsic value!"~Peter Schiff "I'm an Austrian economist: Austrians don't believe in intrinsic value."~Peter Schiff

@Bitcoin_University

Жыл бұрын

Poor poor Peter

@toejoe9105

Жыл бұрын

​@@Bitcoin_University😂😂😂

@tg-gx8jc

Жыл бұрын

Schiff for brains. What a clown.

you've helped me expand my understanding of bitcoin more than anyone else. Thank you so much for your videos Matthew

@Bitcoin_University

Жыл бұрын

That makes me very happy to hear

This channel is pure bitcoin. I've been watching for a few years now and still react with glee when I see a new video pop up.

@skipondowntheroad5833

Жыл бұрын

I like that phrase: "pure Bitcoin". It replaces pure gold.

The only thing that has "intrinsic" value is the mind. All other value is imputed by the mind on to the object of its desire. Some motivations are commonly held across more minds than others, derived by some set of applications that have general appeal. All of this amounts to "utility" value, which is the value something has due to it's suitability to a purpose, which people mistake as "intrinsic." Of course, such suitability is always subject to change, as either application desires change, or better suiters are found for said application. When people talk about "intrinsic value" it's really just a hand waving argument for a lazy intellect that hasn't taken the time to really understand the subject.

@derikuk2967

Жыл бұрын

All hail to *intrinsic desire,* the fount of all valuation.

@ALifeWellSteved

Жыл бұрын

Idk the stomach does a pretty good job of sending value signals for food and water. The mind might disagree but in the end the engine of the body economy ie the stomach will end operations and the whole system shuts down.

@skipondowntheroad5833

Жыл бұрын

If I don't value YOUR mind, then how does it have intrinsic value let alone subjective value?

I am in crypto since 2017... I never found a Bitcoin Channel as good as Bitcoin University! 🤩 I am trully amazed by the quality of every single video!

@Bitcoin_University

Жыл бұрын

Thanks! What topic or question do you think I should cover next?

Sage wisdom and superior intellectual rationalization, as always thank you Matt.

This is good timing. I feel like Ive been hearing about intrinsic value FUD more recently.

I have watched at least a couple of hundred of your videos. This is just about the best one. Keep it up.

Thank you Matthew! I will be sharing this stellar analysis with many friends and family ❤

That rat poison line was pure poetry

Ironically, gold bugs will often say something like “even if it has no value to you, you can give it to someone who will value it”, but then they won’t apply that logic to Bitcoin

@skipondowntheroad5833

Жыл бұрын

Your are right. Individuals might not value Bitcoin, but the market as a whole is currently subjectively valuing Bitcoin at over $31K. Goldbugs have been butthurt ever since Bitcoin reached around $2000 (parity with an ounce of gold) and then far surpassed it.

@EricSmyth4Christ

Жыл бұрын

@@skipondowntheroad5833 wait till Bitcoin surpasses 10 trillion market cap

Love your vids! Thanks for keeping us aware of what’s going on in the Bitcoin space 😁🤙🏼

This is going to be a great debunk the FUD series! Keep 'em coming Matthew!

Rockin it yet again Matt!!

Thanks, Matt....a brilliant summary of BTC's value....this will be a good video to return to and study, for me and others.

I just had this intrinsic vs market value argument with my goldbug father in-law yesterday. I was pointing out that golds intrinsic value doesn't reflect the market price of gold. Nearly all of golds value is based on its store of value properties, not its use in electronics, etc. People either spend energy or currency to acquire bitcoin and gold and use them like a battery that will retain their purchasing power over time. The conversation should really be focused on which battery is more secure, portable, resistant to confiscation, etc. and Bitcoin is the obvious winner.

@skipondowntheroad5833

Жыл бұрын

The use of the word "intrinsic" when describing the value of something is dubious. For all the people who don't use gold as a store of value, in jewelry, in electronics, or dentistry, gold has neither intrinsic value nor even subjective value. For others who use gold, it does have subjective value.

@martindarmanie6854

11 ай бұрын

Well put 👍🏼

I am SO GLAD you covered this. I've been in this argument before, and my view is similar to yours. I saw it as a philosophical question, and concluded that there is no such thing as intrinsic value. It simply doesn't exist. In my view, the only kind of value that exists is utility value. Value is derived from an object's usefulness. This is true for all cases and defines value itself.

Absolutely brilliant Matthew! Thank you.

Another fantastic video. Amazing work. Thanks

Incredible video. This is now one of my favorites. Thank you Matt!

@Atlas_21

Жыл бұрын

I save the best ones and download, you never know what can happen. These videos have to be saved for the ages.

Best video on bitcoin intrensic value... awesome... thank you :) subscribed and became a fan of ur work :)

Brilliant Matt, this one is really great. Love your clear explanations of intrinsic value. Also the final punchline is great: " Bitcoin is rat poison, and we know who the rats are". Awesome

Another great video. One to bookmark and share.

Excellent video - too many good points...I'm having to watch it twice to make sure I didnt miss anything.

Brilliant, as always.

Thank you bitcoin means so much to me but always struggle to articulate this to ppl need this video in my arsenal! Great work 🧡⚡️💯

Clifford Stoll, predicts that the internet will die after 1996. At the time, Stoll was living in Silicon Valley as a technology author and columnist for Newsweek. In his article, Stoll claimed that the internet will never work because “hardware and software will all top out in the mid-90s and, thus, the Internet will never ever get any more user friendly or portable. Also, it is different and scary.”

Just shared your video with six of my friends

Love your comeback to WB's "rat poison" remark.

Great video, and addressing this topic was needed. Every time I bring up bitcoin to others who may be smart people, but never really considered getting into it, the first question is always "but how does it have any value?"

Always great messages

Yep best one yet, you're unbelievable Matt!

Thank you Matthew, just such a truthful way to describe the overall fiat environment compared to the BTC one that will surely come to pass

Great style as always...

Man this video is for the ages. Another one for in my favorite list!

Jajajajaj, great video, as always Matt!!

GOOD MORNING 🌄 MATHEW

Thank you for your work. Brilliant

The video is straight fire!

The value of a conventional currency is the trust in the state behind it. That state owns property, contracts, generates income etc. What is the value of a crypto currency? None of the holders has any obligations. There are thousands of different types from Bitcoin to Vertcoin. Bitcoin fluctuates far too much to create periodical contracts with services or goods. Seems the only thing driving the price is the popularity. To me Bitcoin is a fashion, no more and no less.

@Bitcoin_University

4 ай бұрын

There's only one leader in this category, and the market is valuing it above $1 trillion market cap. Conventional currencies lose purchasing power over time and can be frozen or censored by banks or governments. Bitcoin does not suffer from these flaws

Bravo! Homerun! I love the satire 😅💸👍🏿 Thanks for another enlightening video.

Brilliant video as always. I look forward to seeing your intelligence on Bitcoin everyday, thank you.

Excellent as always! 2 questions: would you use your existing 401k funds to invest in the Blackrock Bitcoin ETF? And 2nd, what threat does AI pose to BTC? Love the content man, keep it coming!

Intrinsic value is social. Only final goods and food have private intrinsic value

Love you, man.

Your reframing of the Buffet quote is so perfect 😂

Your thumbnails are very addictive❤😊

@ralfbo685

Жыл бұрын

Yeah I'd like to know the science as to why. So simple, yet so clickable.

@summerbreeze5115

Жыл бұрын

@@ralfbo685 EXACTLY 🥲

Great video as always! How did you determine that 90% of golds value is attributed to monetary premium?

Bitcoin taught me this: Intrinsic value can't be quantified. Human beings have intrinsic value. Market value points to intrinsic value, but is fundamentally different - market value can be found via rank order preference ; Intrinsic value can't. The (or one of the) difference between people of faith and people of despair is how they see value : the despairing see only the material ; the faithful see the material plus the value behind the material. It doesn't matter which kind of "faithful" in this (it matters in other ways, though) - the Spirit or the Tao or whatever it is, is visible to all, if they can see value. Bitcoin is measurable - by making the material measurable over any timeframe, and denominating market value in terms of energy, it becomes easier to focus on and differentiate from the intrinsic value of everything around us. Praise God and thank God for all His blessings and grace, among which is Bitcoin.

@Rainy_Day12234

Жыл бұрын

It can be quantified through network theory.

@skipondowntheroad5833

Жыл бұрын

Nothing has intrinsic value. All value is subjective.

@fusion9619

Жыл бұрын

@@skipondowntheroad5833 an infant that is not related to you is in danger - do you let him/her die because it has no subjective value to you? You could go even further - an animal is helpless and in danger and you can save it - do you ignore it? Intrinsic value is demonstrably real. But you won't be able to compute that if you only see value as subjective.

Excellent 👌

One might even say that the concept of intrinsic value itself is a fallacy. Value only arises when a consensus is formed between 2 or more people. Without people forming a consensus, the "thing" has no value, because "intrinsic value" doesn't exist at all. (edit: I typed this halfway through your video 🙂

@skipondowntheroad5833

Жыл бұрын

I agree that intrinsic value is not even a thing but why do you need 2 or more people for something to have value? I for one want to continue living so I subjectively value food. I don't need a second person to even exist let alone achieve a consensus with that person, for me to value food.

@Paul-jp8zz

Жыл бұрын

@@skipondowntheroad5833 I don't disagree, one person can "value something" to meet their own needs. But in terms of "economic value" - a trade must be made, and that requires 2 or more people.

Value is in the eye of the beholder. If you want something that conducts electricity you might value gold, but depending on price and use case you might get more value from copper. If you want to send a billion dollars across the world or to the future you would want to limit counter pary risk and transaction costs. I don't think anything is as beautiful as bitcoin when it comes to this. No tool is as good at limiting transaction cost, removing counter party risk, evading taxes and inflation.

I like the use of the term 'zapped' in the video.

I love the rat poison analogy comeback. We know who the rates are!

Hi Matthew, recently I picked up the sovereign individual book on your recommendation and so far Im amazed. You said that you read it around the time it came out, what were your thoughts on it then? And have they shifted since?

Acerbic and incisive as usual Matthew. Well done.

This one hit hard

😂 thank you Matt, a hilarious episode again! Excellent 👌🏻 i like your sarcasm

Love the channel, one note about Buffet’s intrinsic value: he would say big tech was outside his circle of competence and would not have any idea of its intrinsic value which is fair. His ability to make a decision on Coca Cola’s future cash flows 40+ years ago has proved pretty correct. In that sense the company’s intrinsic value back then, to him, represented those cash flows discounted to present value. Bitcoin doesn’t have intrinsic value by that definition but neither does the http protocol. It will still revolutionize the world.

@nowhereman7413

Жыл бұрын

Yes, but you do not pay 30.000 dollar for using the http protocol. You can use it for free.

@faxian12

Жыл бұрын

@@nowhereman7413 you deposit as much as you want in the bank of bitcoin. You pay transaction fees. The incentive structure is monetary vs http where the incentive structure is based on information

I really liked the rat poison analogy, very good 👍

I love it when Matt is speaking in tongues…

You are one intelligent fella.

Please do "Is Bitcoin gambling" too.

Wouldn't the intrinsic value of stocks be that companies provide goods/services? Granted the valuation of the stock can be much higher than the underlying intrinsic value, but it's very prevalent nonetheless because stocks have businesses behind them that are having direct impacts on everyone's lives, and expanding with the economy. Same goes for real estate. Homes or commercial buildings have direct impacts on everyone's lives because they're providing space to live in or conduct business in, expanding with the economy. Same goes for bonds. It's legal obligations to provide a % of income based on the principle. And notice none of these necessarily have to do with the USD. The USD is just the means in which they're conducted, because the government backs it.

Great video and a good reason to post similar ones. I might recommend to the dean and only professor of Bitcoin University to pull some of the great material and graphs from "The Bitcoin Handbook" by Anil Patel. Some of his material has been covered in the past in Trader University (Gresham's Law, Cantillion Effect, etc.) but there is so much more material that could be used in the curriculum of Bitcoin University.

That warren buffet quote at the end was GREAT! We know who the rats are 🔥

TRUE - buffett, munger, and berkshire hathaway missed out A LOT of gains from big tech. sad.

Matthew, I hope you realize that you just ruined Peter Schiff's morning with today's video lesson. 🤣🤣🤣

Exxxxxcellent...

Hi can you review the tapsigner card . would it be a good option either solo or as part of a multisig arrangement

The intrinsic value of Bitcoin is FREEDOM 🙌🏻😺

People like Peter Shiff now shilling “gold backed crypto.” He still doesn’t understand the problem is TRUST.

Value is subjective. ALL value is subjective.

And one more definition for intrinsic value can be the Energy (Oil, Grain) which can be extractred

@skipondowntheroad5833

Жыл бұрын

Grain has no value much less "intrinsic" value for someone who doesn't consume grains.

@rammuh1029

Жыл бұрын

@@skipondowntheroad5833 exactly, for a bird grain has intrinsic value - but not crude oil… for you oil has and grain has not. For me grain and oil has intrinsic value… all this is very subjective… It’s theory that the energy in food, the energy in oil, or the Kilo Joules of energy while burning your hyperinflated paper bill in a oven to warm you up in the winter, is the actuell intrinsic value :))

Ridiculous to suggest that only “gold bugs” challenge Bitcoin’s intrinsic value.

fire

Hey Matt, what are your thoughts on the LNP/BP Association and their proposed way to upgrade the Bitcoin base layer without a required softfork? Seems pretty useful for privacy... unless I'm misreading and it reeks of shipcoin odor.

If bitcoin has no value then please send me some. If being in control of your own monetary policy has no value then why do central banks run the world? Nobody should risk being short bitcoin. Max props MK!

There is no question that gold has more intrinsic value. In that if we remove every monetary connection to gold people would still buy gold for jewelry, art, manufacturing etc. If we remove every monetary connection to bitcoin it becomes numbers on a screen that are artificially limited with no use. BUT we humans have decided to give bitcoin value and it does/can serve a use case in today`s world. But its important everyone understand we give it value. Anyone with the means can create a limited blockchain crypto currency that looks and feels like bitcoin.

@paullamb1100

Жыл бұрын

Bitcoin's utility is only in the context of monetary connections (ignoring the whole ordinals debate), so of course if one were to remove those then it would no longer have value. That's like saying if you remove the H2O from water you have nothing, so obviously pond sludge is more valuable than pure water. Give someone thirsty an option, though, and they are going to choose the pure water.

Peter schiff never shuts up about this one liner.

@tommoore4717

Жыл бұрын

He will be telling everyone when bitcoin hits 6 or 7 figures that bicoin is going to zero, and to buy gold.

@adiintel1

Жыл бұрын

@tommoore4717 as someone who holds gold but more heavy on bitcoin I can't see he can't allocate some of his fiat to bitcoin is he just being ignorant or arrogant at the same time.

@tommoore4717

Жыл бұрын

@@adiintel1 he laughed at it when it was a few bucks. His son owns it. Peter is a broken record

Nice blog! Arguing that cryptos like Bitcoin has not intrinsic values because it is made up of zeros & ones is like arguing that hominids like humans have not intrinsic value because they are made up of atoms. 😄

Love it like it, comment on it

Can you do an update on bitcoin loans? I would like to maybe utilize that in the future for an emergency liquidity purpose.

I'm waiting on your take on the xrp being ruled not a security, which means eth is no longer a "shipcoin". I was almost almost convinced to swap mine but said I would wait for the xrp decision. I'm so glad I did! In fact, I'm surprised that the crypto KZreadrs of worth have been eerily silent. I thought I would wake up to a plethora of xrp videos. But they're mainly from small fries.

@Bitcoin_University

Жыл бұрын

kzread.info/dash/bejne/d2VkptizYdqqqNY.html&ab_channel=BitcoinUniversity

@willfrerichs

Жыл бұрын

The SEC cannot rule that a shipvoin is or isn’t a shipcoin. The Bitcoin epoch has, in the final analysis, made the SEC defunct. Gensler may as well also go about declaring what the weather will be tomorrow. Every fiat entity that touches Bitcoin will ultimately collapse. A Bitcoin etf is the beginning of the end for Blackrock. “Breathe, breathe in the air. Don’t be afraid to care.”

@mrnogood

Жыл бұрын

@@willfrerichs nobody here said that the SEC decides anything.

you are right, gold does not have intrinsic value, even its intrinsic value in inupstrial uses is the value attribute to it. Gold's value stems from the value attribute to is a means of exchange, as jewelry etc.. but it has behind the history of humanity or even beyond because even animals seem attracted to shiny smooth things. I trust hold more than BTC for now because the people of the World like gold and seems to have been impossible to control gold, destroy it, ban its use, etc., although temporarily has been done. The questions-doubt you have to answer are: BTC has just a few years. Could BTC or trading with it be banned? Could, at least in theory, could be erased, hacked or destroyed by new technology? It is obvious such bad things can happen. I will buy BTC again once I see BTC is enshrined in the constitution of the US and other significant coutries. So far, only the Swiss could be moving in that direction with a proposed national binding referendum to do just that. Once Switzerland does that it will be a huge step for BTC because Swiss economic and fiscal reputation leaves the US and the rest way behind. In the meantime, it seems more US and other politicians do not like the competition tha BTC. even gold, presents to their fake money printed in real paper, or just a bunch of zeroes and ones in a computer. I think you simplify the reasons for BTC too much and do not answer the hard doubts. Seeing BlackRock getting into BTC scares me even more, nothing BR does indicates they do not love centralisation. For all you and I know, BR could be the Troyan Horse. I think BTC and blockchain is an extraordinary idea but I feel about like a guy driving a Ferrari in some neighborhoods...

A more objective way of valuing bc would be to work out the value of what has been built if a private company owned it and divide by number of coins

Thoughts on this breaking XRP news, Matthew? Obviously I don't hold it but the ship coiners are going to be rather insufferable following this ruling.

The strict definition of "intrinsic" means belonging naturally; essential. But nothing actually has value without a humans (or animals) assigning value to it. Humans assign value to things based on how they feel about them or how well they solve a particular problem. Without humans, gold is just a shiny rock, water is just a clear liquid and money is just paper or data in a computer system. Using this lens, all value is subjective. You could say there is a marginal value (or cost). In other words, there's time, effort and energy that goes into extracting value from something. Gold must be dug out of the ground, steel must be refined, paper must be printed. But these are things we do *after* we've decided something has value, not before. The marginal cost contributes to how we set the price, but it's not where the value comes from. The market always decides the value and we try to reduce the cost to meet the demand.

So I know you answered my question from few days ago that was somewhat related to this but I don't think I worded it quite as I wanted to. Couldn't the government install so many full Bitcoin nodes so that they decide future updates to Bitcoin, without creating a hard fork of it? For example, they could have not passed the Taproot upgrade. Or am I still misunderstanding it?

@vakeone

Жыл бұрын

More nodes don't matter if people don't use those nodes to receive bitcoin into their wallet.

@dominikskorjanc

Жыл бұрын

​@@vakeone they could send small amount between each other, no? Why does receiving BTC matter?

I think gold's monetary premium shows in market cap not price. All gold minors will stop if gold goes down 90%. But the price could stay the same or go up yet the supply could get used up and market cap go down if gold demonetizes. What do you think? Basically the stock to flow would go down while price may not fall.

Hi uni 👋👋

I think the difference between market value and intrinsic value is that the former is of course dictated by the market whereas the latter implies an inherent degree of productivity: a piece of art v. a piece of land. The art is worth what someone is willing to pay for it, (the land can be also), but the land is capable of producing say a crop of food regardless of counterparty valuation. Hence “intrinsic” value. BTC like gold and the dollar has no “intrinsic” value but it has utilitarian value like the others only more so.

@skipondowntheroad5833

Жыл бұрын

Things can have intrinsic properties but not intrinsic value. All value is subjective. What exactly is the point of trying to further classify all the subjectively valued things into sub-categories such as utility value, market value functional value, monetary value, social value, psychological value etc? All value is subjective.

Intrinsic value is what imparts value in a commodity. Scarcity is what imparts value in a transactional/monetary unit. The existence of monetary instruments to the tune of 25% of all above ground wealth can facilitate specialization in society. Read “The Bitcoin Standard”

thoughts on remitly?

The intrinsic value of BTC is world-wide financial freedom for those who participate in it…which of course is priceless❤

Matt! I think it’s great time to make a video about xrp, the mother of all shitcoins since market is euphoriac about it. Better warn them and tell the sad true:)

I searched for a video explaining how bitcoin can have a value since after many hours spread over some years thinking I still don't get it. But this video just kept offending me over and over telling me I am so stupid because I think gold has a value but bitcoin doesn't. Thank you so much.... The only reason I could store my money and trade in old painting is because there are painting nerds out there which would pay 100million to have it hang on their wall and they would be happy. In that case the painting has a real entertaining value. However, Bitcoin/Cryptocurrencies value is just that it is convenient to store and trade. It is convenient to store and trade no matter if it is 1dollar or 1million dollar worth. There is noone out there that would like to buy a bitcoin just to have it and be happy no matter of the what the market price is.