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RE: What is Intrinsic Value?

in #cryptocurrency7 years ago

Great post. One thing to notice that all these projects like Uber,BTC,Airbnb have their value in the utility/function they have. Lots of people ignorantly tries to view Cryptos as assets. They are NOT assets. They are more of a function/service. A medium of value transferring doesn't need to have value but function.

This is the reason I'm very vocal against BTC and support Dash, NEM, PIVX, WTC, Monaco, Factom, Sia, MaidSafe etc. They serve a valuable function. Cryptos are all the features of Gold Supercharged and then hypercharged at the cost of tangibility. Cryptos are not real assets; they are real functions.

https://steemit.com/steemit/@vimukthi/we-are-human-asics-steem-ponzi-scheme-explained-debunked

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I couldn't agree more my friend, its nice to see someone who has the ability to see that most people attack crypto on 'intrinsic' value when they are really talking about tangibility. Crypto's great utility is that it isn't physical, hence why the internet is a better learning tool in the 21st century than paper books. In the digital age a physical asset has value but a digital asset has far more utility added value. Thanks for your support I've followed you and look forward to communicating with someone on the same page 🙏🏻

See, This is why STEEM isn't a ponzi scheme. We mined some crypto coins while making great friends instead of just burning some electricity trying to have brute force security. I've already followed you. Great to meet you.

Steemit proves to me one of the most important intangible things that has intrinsic value ...... CREATIVITY ..... nice to meet you too, look forward to your contributions and content