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This can be said about so many tech innovations, not just Bitcoin.
by alexmat 9y ago
This can be said about so many tech innovations, not just Bitcoin.
- AstralStorm 9y agoNot quite. Unlike virtual money other innovations have intrinsic value, however small it may be.
- peterisza 9y agoBitcoin's intrinsic value lies in the system that can securely, verifiably, transferably and trustlessly store numbers, assign them to password-protected wallets and keep the sum of those numbers below a constant (21M). Due to these traits, such a system is suitable for representing value just like gold (but BTC is more easily transferable). It is pretty hard to create such a system, therefore it is valueable.