Quote from: tavi on June 21, 2011, 03:57:40 AM

Quote from: libertyzeal on June 21, 2011, 03:36:11 AM

Quote from: MoonShadow on June 21, 2011, 03:26:16 AM

Quote from: finnthecelt on June 21, 2011, 03:13:47 AM

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.

If you love gold and understand it, then you will love bitcoin for nearly the exact same reasons, as they share most of the same properties of a good medium of exchange. There are an amazing number of people (particularly on youtube) who love gold/silver and *hate* bitcoin, which shows a deep rift in their understanding.

Are those goldbugs way too old to understand P2P, I wonder?

Unfortunately the answer to this is yes, mostly. There are open minded people in the silver/gold community such as myself (i'm not that old) but after several years of bringing them (my people who previously were not even interested in the metals) up to speed on currencies and this being new to me I just don't have the energy to start my crusade all over again.

At least not charging into battle. I'll just leave little notes laying on the ground and if someone should happen upon them, AND act upon them, good for you.