@soapjackal @Outsideness @AnarchoPapist @NRxNorth in my view, that's not an intrinsic value (I may be defining the term 'intrinsic' narrowly
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Replying to @HbdNrx
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth thats because its not intrinsic value1 reply 0 retweets 0 likes -
Replying to @soapjackal
@soapjackal@Outsideness@AnarchoPapist @NRxNorth see the link in the other tweet on this. "Intrinsic value" is a term with diff interps1 reply 0 retweets 0 likes -
Replying to @HbdNrx
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth I read the link. Assumes that it pays literal cash money to be intrinsically valuable.1 reply 0 retweets 0 likes -
Replying to @soapjackal
@soapjackal@Outsideness@AnarchoPapist @NRxNorth no, people will buy goods and services even if they can't sell them.1 reply 0 retweets 0 likes -
Replying to @HbdNrx
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth in which he posts the example of stocks that literally pay money in the form of dividends1 reply 0 retweets 0 likes -
Replying to @soapjackal
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth more over that usage of intrinsic value, by the authors own words, isnt the best predictor3 replies 0 retweets 0 likes -
Replying to @soapjackal
@soapjackal (fiat has intrinsic value due to the taxes and use of force behind it. bitcoin doesn't) see http://www.businessinsider.com/bitcoins-have-no-value-2013-4 …3 replies 0 retweets 0 likes -
Replying to @soapjackal
@HbdNrx no that just means the government accepts certain goods as payment and that currently fiat is the one of choice1 reply 0 retweets 0 likes
@soapjackal if bitcoin were required by a government, then I would regard it as having intrinsic value in the same way as fiat
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