It has value because people believe it has value. Coco beans used to have monetary value. Beads used to have monetary value. Gold has always and will always have some because people will continue to believe in it and only because people believe in it. Bitcoin is set up on the same principles as gold.
bitcoin is not and never will be anything similar to gold. gold has inherent value. it is a store of value. bitcoin is neither. beads and beans have inherent value. shitcoin does not.
disagree - things have value if people agree they have value. that's about as simple and basic as it gets.
gold has had value because it's rare. People turned it into things to display their opulence, but at the end of the day, it's got value because people want it.
inherent, intrensic value is not percieved value. god youre retarded.
gold is not valuable just because its rare. it has real, physical uses. shitcoin is does not.
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