Pet peeve: "A bitcoin has no intrinsic value." Okay, sure. Along with everything else. Things can be useful, and they can have moral value, but the whole conc

Pet peeve: "A bitcoin has no intrinsic value." Okay, sure. Along with everything else. Things can be useful, and they can have moral value, but the whole concept of value relies on someone doing a valuation. Nothing has value in and of itself without someone valuing it. Bitcoin obviously has value (whether that value is founded on usefulness or not), because we see people valuing it... and contrary to the author's statements, it's not all Greater-Fool speculation, etc., even if you don't agree with the reasons they're valuing it.