Post
Topic
Board Bitcoin Discussion
Re: market effect of a catastrophic design flaw
by
GoldRush
on 24/08/2010, 04:07:29 UTC
On the contrary, I can't seem to find any intrinsic value for bitcoins whatsoever.  Is this correct?  Historically all monies have started first as some commodity/good with at least some intrinsic value.  Are bitcoins, however, the very first money with purely extrinsic initial value?

Using your example of "intrinsic value", what sort of intrinsic value do you feel gold bullion has?  I've never seen a gold coin do anything other than sit in a safe.