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The counterpoint to that is that gold has an "intrinsic value"; it's a store of value because it happens to have some use outside of merely just being a store o
by bhupy 6y ago
The counterpoint to that is that gold has an "intrinsic value"; it's a store of value because it happens to have some use outside of merely just being a store of value.
Of course, the counter-counter-point to that is that the Bitcoin network also has "intrinsic value", and it's that it enables trustless/permissionless transactions to people that might be engaging in illegal commerce or are trying to escape the currency of a regime with poor monetary policy (Venezuela, Bolivia, Nigeria, Zimbabwe, etc).