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A comment on Goldman Sachs Report Explores Use of Bitcoin as Currency. Parent comment

Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by dsacco on Tuesday January 16, 2018 @11:51AM (#16159598)
Absolutely, I agree with you. The speculation around gold pushes significantly higher extrinsic value onto it. I'm just making a point that it has a floor of intrinsic value as well, even if that's smaller than the speculative activity.
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Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by ThomPete on Tuesday January 16, 2018 @12:04PM (#16159742)
No it has no floor that can't go away (just like it have no ceiling)

The only way to determine it's value is to see if people want to pay for it. Just because they want to pay for it right now doesn't mean they want to do it tomorrow.

And thats exactly why the idea of intrinsic value should die. It doesn't exist. There isn't an absolute floor only a market determined one .... just like with bitcoin.

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