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>Since bitcoins generate no income, their intrinsic value is zero Embarrassingly bad.
by echopurity 5y ago
>Since bitcoins generate no income, their intrinsic value is zero
Embarrassingly bad.
- Geee 5y agoYeah, it's like dollars or gold, their value is zero too. There is no such thing as 'intrinsic value'. Value is always subjective.
- Etheryte 5y agoIntrinsic value is a specific term in finance [0] and it is by definition an estimation/approximation. Saying there's no such thing as intrinsic value because value is subjective is like saying there's no variables that are undefined because undefined variables have a defined value of undefined. [0] https://www.investopedia.com/terms/i/intrinsicvalue.asp https://www.investopedia.com/terms/i/intrinsicvalue.asp
- Geee 5y agoIt makes sense for something that produces cash flow, but saying that bitcoin doesn't have intrinsic value and therefore no value is just stupid.