Except there aren't any industrial uses for BitCoin yet I like the notion that the intrinsic value of bitcoins are as entries in a global distributed ledger (o

Except there aren't any industrial uses for BitCoin yet I like the notion that the intrinsic value of bitcoins are as entries in a global distributed ledger (or even more fundamentally, timestamps in a distributed timestamp server) A Satoshi is the small unit you can account for in that ledger, so there are actually 2,100,000,000,000,000 of them, making the intrinsic value way less than the extrinsic value, but that's true of gold as well.