Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will be on the Peter Schiff Show 2011-06-20 at 10AM EDT
by
MoonShadow
on 21/06/2011, 03:26:16 UTC

Ok, so....BTC. Intrinsic value or use value? Or something else? Novelty value? It certainly has functional value does it not?

BTC has no use value, outside of the context of a medium of exchange.  BTC is both the currency and an effective, worldwide, transfer mechanism.  Just like gold's intrinsic value is rooted in it's properties that make it an ideal money, BTC's intrinsic value rests in the properties imbued into it by powerful cryptology and rigid code practices.