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A comment on Bitcoin and cryptocurrency prices have fallen sharply over the last few days. Parent comment

Re:Bitcoin and cryptocurrency prices have fallen sharply ove... by mythz on Friday March 13, 2020 @02:55AM (#22565321)
> Bitcoin let’s you store $1T USD of dollars in your head, transport it anywhere in the world, and there’s not a single thing anyone else can do about it.

That's going to be pretty hard to do when all bitcoins have a combined "worth" of 92B.

Bitcoin has no intrinsic value in that it only exists due to artificial demand, e.g. if someone invented a better digital currency, Bitcoin's demand would evaporate and all BTC's would be worthless. It's nothing like Gold which is one of the most useful precious metals with usages beyond a storage of value.

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Re:Bitcoin and cryptocurrency prices have fallen sharply ove... by mcpeepants on Friday March 13, 2020 @03:12AM (#22565380)
Many would argue that a "better" digital currency has already been created, yet Bitcoin remains at the top. I don't have much in the way of opinions here it's just an interesting aspect of what makes a digital currency more or less valuable (that is, it doesn't _seem_ to be how much better the tech is)
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