[baddox]

Your principle complaint seems to be a tautology: that a new technology has no track record before the date it was invented. People who routinely mock fanatical cryptocurrency proponents’ claims (e.g. “this is actually good news”) should look no further than this comment as an example of equally preposterous claims from cryptocurrency skeptics.

[wpietri]

One, Bitcoin wasn't invented yesterday; it's 9 years old by this point. It definitely has a track record. Many technologies have demonstrated substantial use value by 9 years in.

Two, we're talking intrinsic value, which is a basically backward-looking concept.

Three, all I'm doing is pointing out the error in mr_win's claim that Bitcoin's intrinsic value is "exact equivalent to industrial use of gold as gold's intrinsic value", and is therefore presumably worth something.

So if you would like to grumble at somebody for suggesting that one should evaluate intrinsic value based on actual utility, please go bother him.