Yes, an interesting article.
But, I disagree.
IMO, Bitcoin is similar to a fiat currency in that it has NO intrinsic value.
ZERO.
Also see Adam Smith, labor theory of value. Marx too.
So, don’t blame me when the margin call comes.
The value is in the protocol. It’s deflationary also compared to the USD that is inflationary.
Maybe I’m missing something- after reading this post I looked up the bitcoin price chart. Did it really drop almost 40 percent in the last couple of weeks? Haven’t heard anything about it in the news other than the Fed and China are looking to get into the same game and add regulations. Is that the reason for the drop? Just surprised the amount of the drop hasn’t been on the news more.