@HbdNrx @Outsideness @AnarchoPapist @NRxNorth I read the link. Assumes that it pays literal cash money to be intrinsically valuable.
@soapjackal I understand that these are nice properties, but they don't independently provide value.
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@HbdNrx the first 4 are part of the traits that really give gold its power as a currency -
@soapjackal those properties are desirable or necessary but not sufficient for use as a currency -
@HbdNrx because -
@soapjackal you need it to store some value as well. I understand that bitcoin currently has some perceived value, but it won't persist -
@HbdNrx 'you need it store some value' is an admission that you are using an intrinsic value in the ECONOMIC sense. -
@soapjackal I'm not sure how you're using "economic". I've explained (linked to) my accepted definition of intrinsic here. -
@soapjackal like I said, that's not my use of intrinsic - 1 more reply
New conversation -
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