[dadoge]

How could something be worth 440 billion in market cap after a major correction not be valuable?

This is after having a 14 year history of people learning about it, not some scam coin like LUNA that went from zero to 40 billion and to zero in less than 1 year

[quonn]

If I take 80 Dollars from you and promise to return you 50, is this operation also worth 50 Dollars? If so, what‘s the meaning of „worth“?

If I open a bank account and someone else deposits 1 billion there and I have a contract that obliges me to return the money in a year and I am not allowed to move it or use it as a security, is my bank account or the bank creating it „worth“ 1 billion?

Whether bitcoin is worth something as a tool/currency cannot be measured well by the amount of money stored in it.

[woodruffw]

For the simple reason that market corrections are not absolutes: the only thing that a correction down to 440B tells us is that it hasn’t been corrected down to 0 yet.

It may never be, but that’s just to say that “it’s still valued” is not a good argument for “it’s correctly valued.”