Post
Topic
Board Bitcoin Discussion
Re: Krugman & Greenspan said: "Bitcoin is evil," and lacks "intrinsic value."
by
pajo
on 18/02/2014, 17:27:35 UTC
Fiat -  means "by decree", therefore bitcoin is not a fiat.
"Intrinsic value" is not limited to material things only. Equally, a service, as much as a material object, may have an value which is determined by market, therefore presently bitcoin has an intrinsic value.