Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and inherent value
by
jtimon
on 20/07/2011, 09:10:40 UTC
Bitcoin as it stands today is an unstable currency, and one lacking any inherent value outside of the dollar that it can be traded for.

There's no such thing as inherent value. We value things.
Gold is so expensive because it is money, not because of its industrial uses.
Money doesn't need "intrinsic value": it can be made of paper or bits.