@soapjackal @Outsideness @AnarchoPapist you get the point
@soapjackal @Outsideness @AnarchoPapist @NRxNorth I think bitcoin is trading on a lot of hope based on misunderstanding.will evntully vanish
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@HbdNrx@Outsideness@AnarchoPapist @NRxNorth bitcoins speculative assumption that it can easily just bypass fiat fits in that category -
@soapjackal@Outsideness@AnarchoPapist @NRxNorth in my view, that's not an intrinsic value (I may be defining the term 'intrinsic' narrowly -
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth thats because its not intrinsic value -
@soapjackal@Outsideness@AnarchoPapist @NRxNorth see the link in the other tweet on this. "Intrinsic value" is a term with diff interps -
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth I read the link. Assumes that it pays literal cash money to be intrinsically valuable. -
@soapjackal@Outsideness@AnarchoPapist @NRxNorth no, people will buy goods and services even if they can't sell them. -
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth in which he posts the example of stocks that literally pay money in the form of dividends -
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth more over that usage of intrinsic value, by the authors own words, isnt the best predictor - 14 more replies
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