Re:Bitcoin Blows Past $9,000
by kaens on Sunday November 26, 2017 @08:46PM
(#15784240)
Trust here is in the context of assets used in trade, not in literally anything people can have "trust" in.
They're stating that "intrinsic value", e.g. gold being usable for things other than trade, is not necessary for a tradable thing to have value. It is only necessary for people to be able to trust that the thing has value and having "intrinsic value" is one way for that trust to be gained.
With cryptocurrency, it's gained with a bunch o math.
They're stating that "intrinsic value", e.g. gold being usable for things other than trade, is not necessary for a tradable thing to have value. It is only necessary for people to be able to trust that the thing has value and having "intrinsic value" is one way for that trust to be gained.
With cryptocurrency, it's gained with a bunch o math.