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A comment on Warren Buffett: ‘Stay Away’ From Bitcoin. Parent comment
So at what number of years does a store-of-value transition from "no intrinsic value" to "intrinsic value"?
> it's entire value lies in being a medium of exchange
So why is that somehow "extrinsic" value and not "intrinsic" value?
As near as I can tell, all currencies fit this description, and bitcoin is just yet-another-currency (And isn't that just what it's supposed to be?)
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So at what number of years does a store-of-value transition from "no intrinsic value" to "intrinsic value"?
> it's entire value lies in being a medium of exchange
So why is that somehow "extrinsic" value and not "intrinsic" value?
As near as I can tell, all currencies fit this description, and bitcoin is just yet-another-currency (And isn't that just what it's supposed to be?)