41–50 of 505 posts
Don't worry! It won't ever fall below its intrinsic value!
Serious question: Is that really a fair criticism of BTC? Because afterall, our beloved US currency is fiat based, and often subject to whims of geopolitical games.
Don't worry! It won't ever fall below its intrinsic value!
I just thought about something I'd never thought before: Could it be said that bitcoins _do_ have an intrinsic value equal to the marginal amount of electricity and equipment needed to produce one?
Don't worry! It won't ever fall below its intrinsic value!
I just thought about something I'd never thought before: Could it be said that bitcoins _do_ have an intrinsic value equal to the marginal amount of electricity and equipment needed to produce one?
Intrinsic value is derived from what you can do with something, not what you did to get it.
Before crying wolf, understand that bitcoin exchanges are unfortunately not battle hardened internet businesses. Two of the largest exchanges MtGox and bitstamp are both under DDOS. This may be an attempt by someone to make a large buy at a cheaper price. Due to lack of trading, prices are going downward. However, BTC China is still trading at above $275! That's the beauty of bitcoin, it isn't restricted to just one…
Bitcoin does have alot of advantages over existing currencies it, but this isn't one of them. I can buy and sell USD/CAD/AUE/GBP in many markets around the world
Don't worry! It won't ever fall below its intrinsic value!
Serious question: Is that really a fair criticism of BTC? Because afterall, our beloved US currency is fiat based, and often subject to whims of geopolitical games.
Don't worry! It won't ever fall below its intrinsic value!
Earlier quoted context omitted.
I just thought about something I'd never thought before: Could it be said that bitcoins _do_ have an intrinsic value equal to the marginal amount of electricity and equipment needed to produce one?
No, because you can't go from Bitcoin back to electricity in the same way you could smelt a gold coin.
Don't worry! It won't ever fall below its intrinsic value!
I just thought about something I'd never thought before: Could it be said that bitcoins _do_ have an intrinsic value equal to the marginal amount of electricity and equipment needed to produce one?
