Re:Bitcoin Critiques and Rebuttals
by stingraycharles on Friday July 01, 2022 @02:49PM
(#31950972)
You keep focusing on the term “intrinsic value”, while ignoring the underlying argument. Is it that difficult to understand that the value of things such as food, real estate, stocks is something entirely different from a currency?
It mentions Adam Smith, Ricardo, and Marx, but nothing in modern economics.
The only other thing I found for "intrinsic value" involved investors looking at the values of companies, but that's investing, not economics.
Of course it's impossible for me to prove a negative. Maybe you could respond with a link of your own, describing the role of intrinsic value in modern economic theory?