Topic: Does bitcoin has any intrinsic value? - page 4. (Read 525 times)
Yes, Bitcoin has a great intrinsic value. You can use it for smoother transactions. Bitcoin provides a wide range of benefits to its clients and is now ranking first among all other cryptos in the market.
Here is why Bitcoin has so much value when compared to other cryptos:
For one, it is the first cryptocurrency with the best team of developers. Being the oldest coin out there, it has managed to withstand all sorts of problems and attacks.
Compared to some other cryptocurrencies, Bitcoin has a much smaller attack surface. It has proven to be a very secure form of payment if used correctly.
So far has passed the test of time. On all major exchanges, the trading pairs go mostly via bitcoin. It is the central entity of the entire crypto eco-system.
As for intrinsic value, I think the question could equally apply to any other form of money: Does paper money have any intrinsic value? Not really. Even gold and silver
have no intrinsic value. The value is derived from people's willingness to accept and use these forms of payment as a means of exchange.
Well, of course, to consider that paper money, gold and silver have no intrinsic value, it will be wrong.For one, it is the first cryptocurrency with the best team of developers. Being the oldest coin out there, it has managed to withstand all sorts of problems and attacks.
Compared to some other cryptocurrencies, Bitcoin has a much smaller attack surface. It has proven to be a very secure form of payment if used correctly.
So far has passed the test of time. On all major exchanges, the trading pairs go mostly via bitcoin. It is the central entity of the entire crypto eco-system.
As for intrinsic value, I think the question could equally apply to any other form of money: Does paper money have any intrinsic value? Not really. Even gold and silver
have no intrinsic value. The value is derived from people's willingness to accept and use these forms of payment as a means of exchange.
The paper money of any state is a reflection of the economic state of this state. In each monetary denomination, the state's gold and foreign exchange reserves and all its material values, referred to as the country's gross domestic income, are reflected. This is practically a bill of the state, which says that its holder has the right to receive certain material benefits at a size determined by the merit of this bill. Therefore, we can assume that each denomination has an intrinsic value.
Gold and silver have an intrinsic value, although on the basis that they are rare and valuable metals that are used in many areas of industry and even as jewelry with great value.
But does the internal value of the crypto currency have an ambiguous question. Many believe that the crypto currency has no intrinsic value, because its value is not guaranteed and it is only a reflection of demand and supply for a certain moment. However, it can be said that the additional opportunities provided by it have a certain intrinsic value in comparison with other financial assets, cash and non-cash money. This can not be denied.
obviously bitcoin has intrinsic value, because it can be used as an easy and instant payment tool for the world, also its anonymous nature makes bitcoin can be used to store and transact by anyone
Here is why Bitcoin has so much value when compared to other cryptos:
For one, it is the first cryptocurrency with the best team of developers. Being the oldest coin out there, it has managed to withstand all sorts of problems and attacks.
Compared to some other cryptocurrencies, Bitcoin has a much smaller attack surface. It has proven to be a very secure form of payment if used correctly.
So far has passed the test of time. On all major exchanges, the trading pairs go mostly via bitcoin. It is the central entity of the entire crypto eco-system.
As for intrinsic value, I think the question could equally apply to any other form of money: Does paper money have any intrinsic value? Not really. Even gold and silver
have no intrinsic value. The value is derived from people's willingness to accept and use these forms of payment as a means of exchange.
For one, it is the first cryptocurrency with the best team of developers. Being the oldest coin out there, it has managed to withstand all sorts of problems and attacks.
Compared to some other cryptocurrencies, Bitcoin has a much smaller attack surface. It has proven to be a very secure form of payment if used correctly.
So far has passed the test of time. On all major exchanges, the trading pairs go mostly via bitcoin. It is the central entity of the entire crypto eco-system.
As for intrinsic value, I think the question could equally apply to any other form of money: Does paper money have any intrinsic value? Not really. Even gold and silver
have no intrinsic value. The value is derived from people's willingness to accept and use these forms of payment as a means of exchange.
I am really thoughtful to know that why btc has so much value than other cryptos. Does it has any intrinsic value??
What's your opinion??
What's your opinion??
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