To discuss whether the dollar has intrinsic value, we need to agree on the definition of intrinsic value, and my hypothesis is that it doesn't actually exist fr

To discuss whether the dollar has intrinsic value, we need to agree on the definition of intrinsic value, and my hypothesis is that it doesn't actually exist from an economics perspective. We simply have the demand for something (due to perceived usefulness) and the available supply. If we talk about plain usefulness, then both the dollar and bitcoin are useful as money - they have fundamental properties that are well suited for use as money. However, the dollar has a great weakness - its scarcity is both poor and artificial. Poor because its supply doubles every decade (halving the economic value it would otherwise have). This effectively sucks half the value out of the dollars that make up our wages, pensions and savings, and injects it into the new dollars. Artificial is a weakness because it can be created effortlessly by a select few people (the banks) and it's supply is only limited by interest rates which are set by the same people. This means that the banks can create money effortlessly that everyone else has to work for, making them EXTREMELY rich through the interest payments on the money they print while doing negligible work (they can create billions of dollars at a few keystrokes). On the other hand, bitcoin has fixed issuance ultimately culminating in perfect scarceness (hard limit of 21M) and the creation of new bitcoins requires work of equal value (just like gold for example), which keeps everything fair.