Re:Bitcoin falls from $266
by apw on Thursday April 11, 2013 @05:08AM
(#5530787)
That's not quite true is it? A distributed cryptographically-guaranteed ledger has fundamental value, no?
[ Parent
| on HN ]
Re:Bitcoin falls from $266
by thatthatis on Thursday April 11, 2013 @09:32AM
(#5531817)
Its an interesting thought. What's the upper bound on what a ledger could be worth?
That said, the value of the ledger derives almost entirely from the value of the items transacted in the ledger. Therefore, I'd say that the ledger value is derivative of the market value and thus doesn't itself convey an intrinsic value to the coins.