> zero underlying (intrinsic) value Cryptocurrencies, in general, do have value from their utility as a currency. They do sort-of-work in that regard. So per

> zero underlying (intrinsic) value Cryptocurrencies, in general, do have value from their utility as a currency. They do sort-of-work in that regard. So perhaps as long as they're legal the value is somewhat above zero, as long as some are using it to settle transactions. Can anything like the current prices, especially on thousands of competing currencies all serving the same effective role, be justified long-term? That's a rather different question. It's, at a minimum, an enormous speculative bubble, in my opinion. Ponzi might not be the wrong word for some of the wilder "store of value" claims.