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(Score: 0) by Anonymous Coward on Tuesday February 25 2014, @06:59PM
by Anonymous Coward
on Tuesday February 25 2014, @06:59PM (#6836)
What intrinsic value? I would have to burn energy to obtain BTC, but there's nothing else to show for it.
In the real economy, I pull a rock out of the ground, spend energy on it to process it, and sell the processed good for a fungible value store, while the purchaser has the processed rock, which he in turn will obtain value from.
(Score: 0) by Anonymous Coward on Tuesday February 25 2014, @06:59PM
What intrinsic value? I would have to burn energy to obtain BTC, but there's nothing else to show for it.
In the real economy, I pull a rock out of the ground, spend energy on it to process it, and sell the processed good for a fungible value store, while the purchaser has the processed rock, which he in turn will obtain value from.
No value add is produced in bitcoin mining.