Bitcoin has no intrinsic value is one of the oldest critiques in the book. Neither does gold, really. Value is what people agree it's worth. Always has been. Bitcoin's fixed supply of 21 million can't be changed by any government or central bank. That's not nothing. That's the whole point. Mises wrote that sound money protects civil liberties by limiting state power. Bitcoin just automated that constraint. Does the no intrinsic value argument still land to you, or does it feel outdated at this point? Halving Edition Whale Pack - #25