I have a little advise for you here, don't hypnotize others with wrong perception, idea or fake theories that doesn't exist at all, why cant a crypto coin like bitcoin be an asset, its better you understand that its a digital currency and also have the ability to serve multipurpose benefits, as such we can found with using it as a digital currency, an investment asset and a profitable one indeed, if you invest and hold and earl from it with time, aren't you profitable with crypto?.

I admit that you are constructive as ever and perhaps creative as well but your perspective on cryptocurrency has always been the same and you are wrong. Maybe you do not know the definition of an asset, and I implore you to conduct a common research on it. Your writeup proves a point and you are trying to get some facts to downgrade the "virtuality" of Bitcoin and altcoins but this will not stop the truth that they are assets. Some are now calcified by the US government as Security and Commodity, this can only mean that they derive that from their purpose and utility, therefore they are assets by law.

Again, you call cryptocurrencies a non-asset but they are already in the mainstream of the financial market, many big companies and even countries now have some shares in cryptocurrencies and it is being used daily for deposits, withdrawals, loans and repayment, name it. If you can say cryptocurrency is not an asset, then Fiat is not an asset, which is not true. You may buy a car today and opt to pay in cryptocurrency, if it doesn't have a value, will the deal be possible? Stop downgrading an asset due to the fact that it is virtual, so far people value it and people's liquidity empowers it, it is an asset.

Lolz, don't read and believe things that makes makes no sense, op is a well known bitcoin and cryptocurrency hater, if you doubt, go through his post history and find out, I've come across a couple of this posts on this board and they've all been centered around discrediting bitcoin and cryptocurrencies at large from what they are and represent in our current society.
Many still cant just comprehend the fact that things are changing and so is money as well, they wish things to remain as they have always been in the past but unfortunately, it's not In their power or hands to decide.

You have to realize that it is people that gives something value, whatever the majority people see as valuable become valuable, and what ever value they attach to it, it become, the paper you and I spend as money today, who gave it value? It's the people.
If majority of the worlds population decide tomorrow that paper money is no longer valuable, and we all turn our backs to it, even the central banks can't do anything other than try to convince the people.

I do not know how to put it, but if we remove anything that happen behind those activity logs, then all things is an activity log.  Same goes with the history I guess, the medical records, the bank transaction records, the employee records, and everything that people do and put on records... they are all just an activity log, that is as I stated, if we remove the thing that happened behind that activity log.

There's a difference between a transaction record and an activity log. In the first you have an asset that is being transferred between people and you write down quantities of that asset. In the second you just write down events that occur. In crypto, these events are changing numbers with wallet applications.

I'm more concerned about how you say fiat currencies are assets, but bitcoin is not. Then you went ahead to say the only thing that makes fiat an asset is through debt. Meaning fiat won't be an asset if you don't give out a loan and earn a profit from it. Did you think it through?
There was a time when my local currency was gaining on the dollar and I speculated that based on future events which are to come, the dollar would gain massively against my local currency. I bought a lot of dollars at a cheaper rate and held for a long time (close to a year) and just like I predicted the dollar gained massively against my local currency and I sold the dollar and made a profit out of it. While I held on to that dollar, it was an asset. I didn't need to give out a loan and receive interest for it to be an asset. I made a profit simply by holding on to it and selling it at a price much higher than I bought it. This is also what makes fiat currency assets.

It's the same thing with Bitcoin, You can decide to hold it for a long time and sell it at a profit. How can you say something that you can buy at $100 and sell at $200 in a year is not an asset?
If you really believe that then you're saying shares are not assets because if you don't sell your share at a profit you won't make any money from it.

The idea that cryptocurrencies, like Bitcoin, don’t offer tangible benefits like stocks or real estate misses an important point: value in any system is subjective and driven by what people are willing to exchange. Cryptocurrencies do offer a benefit, it’s just different. It gives way to the possibility of a financial system that is decentralized and within which individuals can transact without having to involve banks or governments. Bitcoin has already seen use in countries with unstable fiat currencies or high levels of inflation as a store of value, much like gold.

The argumentation about blockchain being no more than a record log and not an asset altogether, presumes that none of the conventional assets are very much derivatives of trust and mutual agreement. When one thinks of a dollar bill, its value is no longer pegged to a measure of gold but rather to the collective agreement in belief regarding its purchasing power. But again, it would be the case of Bitcoin deriving value from people having agreed on its use for transactional exchanges, which indeed is very much in practice across the globe. Besides, Bitcoin has a fixed supply and is completely decentralized, making it more resistant to inflation than any fiat currencies, which central banks can print indefinitely.

Comparison to pyramid schemes seems enticing, but it doesn't fit. In a pyramid scheme, it is essential to have newly joining participants for the sustainability of the scheme. That is not how Bitcoin works, given it doesn't rely on new buyers at all times. Its open network accommodate participation from anyone, and its operating rules are fixed instead of recruitment drives or promised returns.