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Not arguing that what you said isn't true, however, if we just take the statement of the article like it's been written - it just doesn't make a difference if w
by moepstar 5y ago
Not arguing that what you said isn't true, however, if we just take the statement of the article like it's been written - it just doesn't make a difference if we're talking about the intrinsic value of either - BTC/$/€
Bitcoin is a stream of 1s and 0s, $ and € bills are pieces of paper (not talking about the raw material value of coins rn..).
The value of $ and € (and ultimately any currency / fiat) is that has its appeal only from acceptance by others - which is part of the sentence i've copied from the article.
Neither do have any intrinsic value.
- TrackerFF 5y agoAs far as I know, the USD doesn't have any intrinsic value after they went away from the gold standard - but again, people use all sort of measures as proxies for intrinsic value.