Quote from: RodeoX on December 05, 2013, 04:31:59 PM

Quote from: Sigmoid on December 05, 2013, 04:23:09 PM

Quote from: 7Priest7 on December 05, 2013, 04:16:48 PM

Also, unlike stocks BTC has a value outside of what you can sell it for.

You mean intrinsic value? You are mistaken. It's stocks that have intrinsic value (at least good stocks). That value comes from owning market share, production capacity, etc. All value of Bitcoin comes from trust.

That said, trust can be a pretty powerful force.

I know it's debatable, but I think bitcoin does have intrinsic value based on it's utility and privacy. A stock is a promise to pay back with interest on a capitol investment. A promise made by one entity that may fail. Bitcoin has the backing of all it's users and is less likely to fail, because there is no central failure point.

True and the chinese issue hits at both utility and privacy. Notice how they want all exchanges to aml and want banks to have nothing to do with bitcoin which means they can refuse to work with exchanges. It's interesting that the chinese went the opposite route of US where in US we got trusts and official bitcoin denominated investments and chinese want nothing to do with that. It's more likely they want the yaun to become reserve currency and don't want bitcoin to interfere with their plans.