Good art is beautiful and I can buy it to put in my house. Is a bitcoin beautiful? Justice? Well, contracts and rights can be bought and sold. Is bitcoin a right to anything?
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“Inherent value” is irrelevant. You’ve forgotten your Menger and your Moldbug. https://www.unqualified-reservations.org/2013/04/bitcoin-is-money-bitcoin-is-bubble/ …
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He's wrong, sorry.
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Moldbug was wrong (so far) about his prediction that USG would kill Bitcoin, but his (and Menger’s) monetary theory is sound. The subject is a keen interest of mine, so I would be happy to answer any questions you might have about it.
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BTW, I talked with MM last year about his failed prediction. He said he’d underestimated the extent to which USG bureaucrats would leave Bitcoin alone out of fear that they’d be blamed for killing the Next Big Thing. In other words: CYA saved BTC from USG.
End of conversation
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On a long enough timescale the value of pretty much every currency aside from gold and silver goes to zero. I see bitcoin having decades more to go at minimum.
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