Bitcoin has intrinsic value because it is digital commodity money ...
That's all I have to say.
...snip...
Bitcoin is not a "game" that can be completed. It is a protocol and eco-system of digital cash and a store-of-value (i.e. digital gold).
Bitcoin (BTC) is the first digital commodity money of the internet.
- https://en.wikipedia.org/wiki/Commodity_money
Bitcoin's monetary (intrinsic) value is primarily derived from electricity, cryptography (math) and time. Markets (and arguably $ price) are secondary.
The very first Bitcoin exchange rates were established as such (before this, Bitcoin remained entirely valueless) ...
- http://newlibertystandard.wikifoundry.com/page/Exchange+Rate
"The exchange rate is the average of the adjusted bitcoin production per day divided by the average production costs per day. The per day averages start with the previous day and will eventually extend back 365 days, but until then, they increase by half a day each day by taking the average of two averages. Production costs consist of the price of broadband Internet and metered electricity. The adjusted bitcoin production is the following spreadsheet calculation =if(M2>N2,((B2+F2)/2)*(1/(3-((N2/M2)*2))),((B2+F2)/2)*(3-((M2/N2)*2))) where M2 is the available balance of dollars times the exchange rate of that same day, N2 is the available balance of bitcoins, B2 is the amount of bitcoins produced the previous day and F2 is the average of the adjusted bitcoin production per day."
- http://newlibertystandard.wikifoundry.com/page/2009+Exchange+Rate
"During 2009 my exchange rate was calculated by dividing $1.00 by the average amount of electricity required to run a computer with high CPU for a year, 1331.5 kWh, multiplied by the the average residential cost of electricity in the United States for the previous year, $0.1136, divided by 12 months divided by the number of bitcoins generated by my computer over the past 30 days."
...snip...
Bitcoin is not a "game" that can be completed. It is a protocol and eco-system of digital cash and a store-of-value (i.e. digital gold).
Bitcoin (BTC) is the first digital commodity money of the internet.
- https://en.wikipedia.org/wiki/Commodity_money
Bitcoin's monetary (intrinsic) value is primarily derived from electricity, cryptography (math) and time. Markets (and arguably $ price) are secondary.
The very first Bitcoin exchange rates were established as such (before this, Bitcoin remained entirely valueless) ...
- http://newlibertystandard.wikifoundry.com/page/Exchange+Rate
"The exchange rate is the average of the adjusted bitcoin production per day divided by the average production costs per day. The per day averages start with the previous day and will eventually extend back 365 days, but until then, they increase by half a day each day by taking the average of two averages. Production costs consist of the price of broadband Internet and metered electricity. The adjusted bitcoin production is the following spreadsheet calculation =if(M2>N2,((B2+F2)/2)*(1/(3-((N2/M2)*2))),((B2+F2)/2)*(3-((M2/N2)*2))) where M2 is the available balance of dollars times the exchange rate of that same day, N2 is the available balance of bitcoins, B2 is the amount of bitcoins produced the previous day and F2 is the average of the adjusted bitcoin production per day."
- http://newlibertystandard.wikifoundry.com/page/2009+Exchange+Rate
"During 2009 my exchange rate was calculated by dividing $1.00 by the average amount of electricity required to run a computer with high CPU for a year, 1331.5 kWh, multiplied by the the average residential cost of electricity in the United States for the previous year, $0.1136, divided by 12 months divided by the number of bitcoins generated by my computer over the past 30 days."
...snip...
That's all I have to say.