Goldman Sachs Report Explores Use of Bitcoin as Currency

Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by FabHK on Tuesday January 16, 2018 @09:44AM (#16158494)

Sure, you can argue that a house, a hamburger, and a car have no intrinsic value per se, but only in relation to humans and/or because we give them value.

But again, with that you're departing from the modern economic notion of intrinsic value in discussions of money.

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Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by bobwaycott on Tuesday January 16, 2018 @10:00AM (#16158608)

Do you mean the numismatic notion of intrinsic value? Because that is a very different thing from saying economic intrinsic value. I’m not departing at all on the economic part, I am directly talking to that notion.

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Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by ThomPete on Tuesday January 16, 2018 @12:02PM (#16159725)

What is the actual value of gold? (it's intrinsic value) How is that determined?

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