Look, value is a social construct, intrinsic value is an oxymoron. If there is a better definition that suits your argument fine, but the words are clearly defined.
When people are heating their homes from the energy from their mining units, can we then say it is energy-backed?
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U can say it all u want but it has no meaning other than what u ascribe it to mean.
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Ok, i tried to answer your question. It’s direct tie to energy (however you want to describe it) was my take. FWIW I have an economics degree and have worked in finance and trading for years..
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U have have an economics degree and u don't know the definition of fiat?
End of conversation
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No. Bitcoin is not a security https://en.wikipedia.org/wiki/Asset-backed_security …
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Exactly what
@mwilcox points out. If u use ur own definitions u can twist anything to seems logical. It is not useful tho and can only be used to deceive.
End of conversation
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