Does Bitcoin have an intrinsic value like #gold ?
To understand the intrinsic value of Bitcoin in comparison to Gold, we need to understand what it contributes to society. Gold has industrial uses apart like in electronics and manufacturing that gives it an intrinsic value.
Immutability is bitcoin's most important contribution to society and it is achieved by mining. Mining consumes electricity. The intrinsic value of #Bitcoin is the value of the electricity consumed to mine its blocks. This value is much lower than its market value just like gold.
An interesting take on it.
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