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#Bitcoin has "no intrinsic value" in exactly the same way language has no intrinsic value. The value of both is derived from the network it creates and what what is possible only with if that network exists. A society without language to communicate information is so poor it's hardly worth calling it a "society." The same is true for Bitcoin and sound money. Keep watching. The world of bitcoiners will keep getting wealthier, and the fiat world will keep getting poorer. You are invited anytime you would like to stop having fun staying poor using money that explicitly steals from you and says its for your benefit.

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The "intrinsic value" question was my personal #Bitcoin Rubicon that stopped me for so long as a recovering gold bug. The Socratic Method helped me. The question I asked myself was "does the TCP/IP protocol have "intrinsic value"? And by extention, does the internet itself have "intrinsic value"? My answer was definitively yes, but it was not necessarily tangible. I wrestled with this for awhile...The Bitcoin protocol is the same, but it has a price attached. I bought in size the next day and haven't stopped. I should have just listened to more episodes of Bitcoin Audible...it may have saved me time, but not the proof of work!
Guy Swann's avatar Guy Swann
#Bitcoin has "no intrinsic value" in exactly the same way language has no intrinsic value. The value of both is derived from the network it creates and what what is possible only with if that network exists. A society without language to communicate information is so poor it's hardly worth calling it a "society." The same is true for Bitcoin and sound money. Keep watching. The world of bitcoiners will keep getting wealthier, and the fiat world will keep getting poorer. You are invited anytime you would like to stop having fun staying poor using money that explicitly steals from you and says its for your benefit.
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