Re:Beyond the boring blockchain bubble
by alexmat on Monday August 07, 2017 @01:23AM
(#14945491)
This can be said about so many tech innovations, not just Bitcoin.
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Re:Beyond the boring blockchain bubble
by AstralStorm on Monday August 07, 2017 @02:38AM
(#14945742)
Not quite. Unlike virtual money other innovations have intrinsic value, however small it may be.
Bitcoin's intrinsic value lies in the system that can securely, verifiably, transferably and trustlessly store numbers, assign them to password-protected wallets and keep the sum of those numbers below a constant (21M). Due to these traits, such a system is suitable for representing value just like gold (but BTC is more easily transferable). It is pretty hard to create such a system, therefore it is valueable.