Bitcoin Intrinsic Value

Bitcoin is valuable because of its value?

does bitcoin have an intrinsic value? if so, what?

BTC is a value store.You can use it to exchange large values without traditional middleman.Saying that BTC is just a hash, a virtual nothing and it has no intrinsic value is silly. Its not a tulip bulb.Talking about pretty things, how come nobody gets railed up when a painting gets sold for millions and its a single color modernistic piece? Its literally just a hearsay that it has any value and no function apart from being expensive firestarter.Bitcoin costs money to mine like it tak

Nothing has intrinsic value. I think what the presenters you are talking about are trying to say is that gold has some utility while bitcoin has none. Bitcoin has utility in that it is an incorruptible ledger of transactions, that transactions can take place outside of the legal purview of various states, etc.Bitcoin has no utility absent the present state of affairs where people believe in statism and government agents actively forbid money besides their fiat regime's. Some Austrian eco

Bitcoin isn't backed by any assets. Bitcoins ARE assets. They don't have value because someone just came along and claimed they do (try to start your own Bitcoin clone and see how much people will buy them for). They have value because people are willing to trade for them, and there are many potential reasons for that (some less reassuring than others).

Its utility is not in its ability to be used as a medium of exchange. Bitcoins value comes from:1) There is no central authority that can print more2) It is deflationary. There is a limited supply.3) Everyone has agreed on the protocol, and everyone can be confident that their bitcoins are their own and they can trade them however they want. This is important.4) There is no inherent value. This is the part that trips many people up. An items inherent value simply gives it a natural p

There is no such thing as intrinsic value, all value is subjective, and Bitcoin most definitely has subjective value; otherwise it would not be exchanged! If you define "intrinsic value" as something like "has subjective value for a great majority of individuals," then Bitcoin does have intrinsic value as a way to easily and quietly send wealth without requiring a central middle man. There are also numerous theoretical ways in which it could be made useful (colored coins, for

Bitcoin inherently relies on buy-in for its value. It's a shared fiction that becomes real because we share it. In that regard it's similar to countries. I literally cannot switch from Bitcoin to another coin and get the same value unless we collectively do it. It's a inherent property of its usage as a currency. I can switch from ChatGPT to Claude though without anyone else doing so and I get the same value. In fact, if Claude is superior I might actually get more value than if e

The value of Bitcoin is the sum of its intrinsic and perceived value.Consider a hypothetical Bitcoin, without the objective measures you describe. Without the capabilities of the network, people willing to accept it as payment for goods/services —- it is a coin that nobody has a use or want for, i.e. an unadopted shitcoin.The value of unadopted shitcoins approaches zero as fewer and fewer people use it. Therefore, the value of Bitcoin is entirely comprised of perceived, and not intrin

Bitcoin is not a currency its a store if value. The currentb intrincis value is the curent value of the bitcoin.