Bitcoin Is Intrinsic Value – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

“Bitcoin has no intrinsic value.” This frequently heard criticism is, for Bitcoin’s critics, the ultimate kill shot — the irrevocable proof that, at its most fundamental core, Bitcoin is nothing but a worthless fraud.

“It’s just code” was the line repeated in doom tones on a recent episode of the terribly misinformed Dave Ramsey’s show. Gold advocate Peter Schiff, perhaps the most repetitively vocal critic of Bitcoin, may not recognize the value of remembering your passwords, but he’s certain that bitcoin has no intrinsic value.

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