Calling Bitcoin “just Bits” is analogous to calling the Cathedral of Notre Dame “just rocks.”

The old school has consistently been wrong.  Another example: in 2011, David Kramer, who has a lot of great analysis on other topics wrote:

What was Bitcoin’s prior material use/value? Zero. It is just bits in a computer.

 

Calling Bitcoin “just Bits” is analogous to calling the Cathedral of Notre Dame “just rocks.”