Bitcoin has no intrinsic value
Discussion
this is true. all value is subjective
True, but meme coins like dogecoin started as a joke.
Finding subjective value in dogecoin is like trying to make a living as a stand up comedian by asking, "Why did the chicken cross the road?"
Intrinsic value adds noise to pure price signal
some would say the market cost to produce would be a form of intrinsic value
Some would be wrong. All value is subjective. The amount of energy and depreciating capitol miners are willing to apply to generating bitcoin, plus a small margin, dictates the sale price of new coins.
i don't follow why subjective value and intrinsic value can't coexist in concept or perhaps I'm just confused on this thread