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Let's call it a bubble then, since BTC's intrinsic value is somewhere near zero.
by verroq 13y ago
Let's call it a bubble then, since BTC's intrinsic value is somewhere near zero.
- mitochondrion 13y agoThe intrinsic value of USD is near zero. Useful in a post-apocalyptic as fire kindling, and not much else. Its perceived value is powered through the USA's massive military, political, economic, and financial power. Perhaps Bitcoin has a perceived value as a mechanism of subversion of such a hegemony. Or maybe it's just a vehicle of speculation. Either way, no modern currency has intrinsic value.
- DrStalker 13y agoThat's why Australia has polymer banknotes, in a post apocalyptic situation you can combine them in a waterproof patchwork sheet.