LogicallyMinded on Nostr: “Bitcoin has no physical form and therefore no subjective or objective use.” I ...

“Bitcoin has no physical form and therefore no subjective or objective use.”

I don’t understand how you draw the conclusion that because #Bitcoin is not material, it doesn’t have a subjective and objective use. First, I would challenge the premise that Bitcoin has no physical parts. Bitcoin couldn’t exist without the infrastructure hosting its ledger. Maybe the physical components guaranteeing the existence of Bitcoin are distributed but Bitcoin isn’t fully immaterial. Second, even assuming that Bitcoin doesn’t match the definition of “being material”, it doesn’t mean that it doesn’t have a utility. By this reasoning you could make the case that software because it’s not physical has no utility which is obviously false.