just saw this and thought you guys would enjoy
i accidentally got into a facebook comments debate with a guy saying bitcoin had no intrinsic value and how deflation was super bad
wow! a shiny rock beats fake money. ask the guy to define "intrinsic value"
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intrinsic value argument is super annoying because everyone kind of has their own idea about what value is.
like is a domain name worthless because it's not physical? no.
it's also amusing that gold valuation is mostly based on its store of value and the fact people like it, it's price is not because it has some industrial uses
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