> the real intrinsic value of Bitcoin Intrinsic: belonging to the essential nature or constitution of a thing [0]. Bitcoin, being a series of bits proving you

> the real intrinsic value of Bitcoin Intrinsic: belonging to the essential nature or constitution of a thing [0]. Bitcoin, being a series of bits proving you or one of your financial forebears burnt some spare energy without any material return, has no intrinsic value. Its value is entirely extrinsic and intersubjective, in that it only has value if a quorum believes it has value. [0] https://www.merriam-webster.com/dictionary/intrinsic https://www.merriam-webster.com/dictionary/intrinsic