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Author Topic: Does bitcoin has any intrinsic value?  (Read 244 times)
BulbaLord
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August 07, 2018, 02:16:19 PM
 #61

Yes bitcoin has intrinsic value . It can be used in paying or buying anything . It can also used to have an easy transaction . It can be the starter to have investment . This is the some way to absolutely prove to people that bitcoin has intrinsic value .

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August 07, 2018, 02:30:32 PM
 #62

There is no such thing as intrinsic value. Value is, and always will be a completely subjective and situational term. If value was measurable, there would be no profit.  Every trade would be of equal value.  I would not trade the dollar for the cookie if the cookie had an intrinsic value equal to $1.20.  I’d lose .20 on the trade and you’d gain.  We’d only ever trade if we were indifferent.  Thanks to subjective value, both parties to a trade profit.  We know this because the trade was made.

So the reason a dollar, an ounce of gold, a cookie, or a Bitcoin have any value at all is because people want them.  If there was some changes in society, like a collapse of the US government, the discovery of a new precious metal, changes in dietary attitudes, or a new altcoin, all the above mentioned objects would could have no value to anyone at all.

meritbygrace
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August 11, 2018, 08:19:59 PM
 #63

Bitcoin can be used in paying or buying anything. I agree with that definition that bitcoin has an intrinsic value.
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August 14, 2018, 05:55:39 AM
 #64

In terms of intrinsic value, we need to see everyone's understanding of value. I think it's worth it if most people are willing to hold Bitcoin and are willing to use it in exchange.

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August 14, 2018, 05:59:11 AM
 #65

Bitcoin is a simple, elegant and modern replacement for the whole concept of money. And it has value for the same reason that it has paper money in your wallet: it simplifies the exchange of goods and services, and this is no longer the case with the fact that we had an antique barter market, but in a modern situation where network interactions through the Internet play a crucial role.
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