R&E Political Discussion - Spring 2026: It is a fiat currency like the US dollar.

R&E Political Discussion - Spring 2026
[ Post a Response | R&E Political Discussion - Spring 2026 ]

It is a fiat currency like the US dollar.

Posted by Arwen on June 13, 2026, 7:35 am, in reply to "If bitcoin has intrinsic value, state the case."

And like the dollar (or other fiat currencies) it has value because millions of people trust its security and portability.

It seems a silly thing to argue about, but whatever intrinsic value that bitcoin has is determined between a willing buyer and a willing seller.

10

Another ridiculous idea gone bad ... - Mondo Fuego™ June 11, 2026, 9:36 am

Creating value for others is the bedrock of our free market system. - Arwen June 11, 2026, 12:24 pm
- Don't overlook the reality that ... - Mondo Fuego™ June 13, 2026, 2:39 am
  - Bingo! - Arwen June 13, 2026, 8:05 am
- Please don't confuse bitcoin with precious metals. - Mondo Fuego™ June 12, 2026, 6:39 pm
  - The value of bitcoin is determined by a willing buyer and a willing seller. - Arwen June 12, 2026, 9:15 pm
    - If bitcoin has intrinsic value, state the case. - Mondo Fuego™ June 13, 2026, 2:25 am
      - It is a fiat currency like the US dollar. - Arwen June 13, 2026, 7:35 am
- Yes, People like Jeff Bezos and Elon Musk create value and make the whole world richer overall. - Ken C June 12, 2026, 7:47 am
Re: Another ridiculous idea gone bad ... - CHE June 11, 2026, 11:55 am
I never "got" the whole idea of bitcoin - Trish June 11, 2026, 10:38 am
- Agree 100%. People try to explain "blockchain" and I'm thinking .... - Mondo Fuego™ June 12, 2026, 5:49 pm

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