Post
Topic
Board Bitcoin Discussion
Re: 'Cryptocurrency' a misnomer for Bitcoin?
by
figmentofmyass
on 09/12/2019, 08:43:31 UTC
Currency has no requirement to be a store-of-value.

but it can be one. gold/silver/metal coins are an example of stores of value that also function as currency.

A store-of-value can only be achieved by an asset that has an underlying intrinsic value like bitcoin.

i would argue that bitcoin has no underlying intrinsic value. you can't consume it, you can't turn it into something useful, it has no industrial/medical use. bitcoin only has value because people use it. if no one used it, bitcoins would be worthless, so the value must not be intrinsic.