Not s single post that comes close to defining value, as usual. You're all better off avoiding the question.
Commercially useful gold is overwhelmingly used as decoration, not for any industrial purpose. That doesn't mean it lacks value.
Value=monetary worth. Gold, my house, my truck, Bitcoin all by definition have value.
Gold, your house, your truck, all have both a price and real underlying value (on which its price is mainly based). Bitcoin has a price, but no real underlying value supporting it. For this reason, therefore, Bitcoin is more akin to a fiat currency than it is to gold, your house, or your truck. Bitcoin's price is X because that's what folks are willing to pay for it at the moment, and that's the only reason.
Heh.
Well,,,,duhhh.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
