You have no rebuttal to the fact and to the truth that at its core bitcoin is just an online globally sync'd excel spreadsheet of transactions, nothing more and no less. In essence its a distributed peer to peer digital general ledger. That is exactly what bitcoin actually IS... the code and protocol is open source for all to verify and examineAgain, you are talking nonsense, I am not talking proof of work, there are many consensus mechanism which any fool who has been studying it since day 0 would know.
Please sit this out and stop derailing legitimate interactions with your bullshit.
Bitcoin is just a database table of transactions, by definition it cannot create value, is not intrinsic value in itself, and is only an accounting system with accounting units. When bitcoin first started a single coin sold for a US penny. The only thing that has changed is that people are playing tulip hot potateos with the coin themselves, speculating by pumping up and buying and selling these accounting units of a made up accounting system.
Unlike mining for gold, uranium, coal, bitcoin is not a source of energy... accounting tables in an accounting system can never be an entropy thermodynamic source of energy, therefore bitcoin is negative infinity EROEI. It is a financial and energy Black Hole...
Furthermore, anyone can start their own altcoin, using the exact same blockchain protocol, there can be infinite bitcoin copycats... so just like the NFT scam in which the owner of the NFT cannot prevent others from copying the jpeg etc and making a zillion clones, Bitcoin is not special and only had perceived transitory speculative value because of the ephermeral and temporary first movers advantage but in the long run bitcoin will go to zero. Bitcoin was but the first tab in the excel workbook of cryptocoins, but there is no limit to the number of spreadsheets that can be tabbed in the workbook so the whole "mining equals artificial scarity" is debunked...
Federated blockchain has its uses for example a meta-blockchain that logs transactions between other blockchains and other such interblockchain interactions, just like the way email is federated and I can use Huawei petalmail to write to someone who only uses gmail. Your argument is flawed in that just because I said AOL mail was going to fail that somehow this is miscontrued as to mean I dont know the value of email itself.
Calling me Indian and single worded replies of "bullshit" is not a rebuttal.