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> A continuous stream of greater fools is necessary for its price to even remain at the current level. I think HN is going to need a good explanation for this

by fallat 5y ago

> A continuous stream of greater fools is necessary for its price to even remain at the current level. I think HN is going to need a good explanation for this. The value is intrinsic, and can go up without any activity happening... I think there are other fools scouring about here in the comments.

dpark 5y ago
> I think HN is going to need a good explanation for this. The value is intrinsic, and can go up without any activity happening... I think you need to explain this. In what way does bitcoin have any intrinsic value? And how can this value go up without activity? A currency with no activity is literally worthless.