> there's a difference between that which IS valuable, and that which has value because WE assign it value.
10% of the price of gold IS valuable, the other 90% is WE valuable. What does that say to you?
If you agree that bitcoin has at least 0.0001% IS valuable (for example for some collectors of digital artefacts), then where do you draw the line, what percentage of IS valuable do you require so that you would consider bitcoin having some INTRINSIC value as gold does?
10% of the price of gold IS valuable, the other 90% is WE valuable. What does that say to you?
If you agree that bitcoin has at least 0.0001% IS valuable (for example for some collectors of digital artefacts), then where do you draw the line, what percentage of IS valuable do you require so that you would consider bitcoin having some INTRINSIC value as gold does?