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by eridius 3553 days ago
I think the implication is that BTC has very little intrinsic value. Well, the BTC itself actually has zero intrinsic value, the only intrinsic value in the ecosystem is the blockchain (although the value of the blockchain itself is dependent upon the perceived value of BTC, as its ability to prove data existed at a point in time only works if a sufficient number of people are actually mining blocks, and people mine blocks in order to get BTC).