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> because you assume that intrinsic value means an intrinsic price in dollars But that's the exact argument I'm usually facing. They use this "intrinsic value"
by ye 13y ago
> because you assume that intrinsic value means an intrinsic price in dollars
But that's the exact argument I'm usually facing. They use this "intrinsic value" to justify the price of gold.
- dpark 13y agoOkay, but tearing down the "intrinsic value" of gold does not justify any price or value for Bitcoin. Your argument is effectively that nothing has intrinsic value, which does nothing to make the price of Bitcoin appear legitimate.