Post
Topic
Board Bitcoin Discussion
Re: bubble imminent
by
caveden
on 22/02/2011, 08:41:54 UTC
I'm sorry but bitcoin has zero intrinsic value. Just like fiat.

Just like everything else. "Intrinsic value" is a contradiction in terms, like "squared circle".
http://www.thefreemanonline.org/featured/the-fallacy-of-quotintrinsic-valuequot/

It will remain a toy for geeks.

Even if it happens - and I don't think it will -, fine enough. It will remain a good way to protect your savings against inflation, like precious metals, only better.