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by thkim 1894 days ago
Intrinsic value has nothing to do with cost of transaction.
2 comments

All value is tied to scarcity and gold is less scarce than bitcoin.

If we find a million tons of easily mineable gold tomorrow the price will dip below copper's. This can't happen to Bitcoin.

So VISA and MasterCard have zero intrinsic value as companies. Does not pass the sniff test.