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I would argue that BTC does have intrinsic value. The cost of investment and electricity are a sizable portion the market value.
by d3v 7y ago
I would argue that BTC does have intrinsic value. The cost of investment and electricity are a sizable portion the market value.
- H8crilA 7y agoYou've confused intrinsic value of X with the cost of building X. Let me illustrate with an example. A 1000 tonnes mountain of cow poo has near zero intrinsic value (perhaps even negative because it's a biohazard; people and government(s) are gonna get pissed and tell you to clean it up). That does not mean it didn't cost anything to create it, it was probably somewhat expensive to set up.
- chungus 7y agoThat much fertilizer could be sold for approximately $300.000