[Armslong]

If a form of currency has intrinsic value as opposed to being fiat currency, it will fail. Bitcoin has intrinsic value.

[slinkyavenger]

No it doesn't. It's value is completely tied to the market, with very few exceptions, as evidenced by the USD charge for a good or service being relatively static, while the bitcoin price fluctuates, according to the market, to maintain parity.