Read_544 - Another Way to Think About Bitcoin's Value [Bradley Rettler]

July 20, 2021 00:37:23
Read_544 - Another Way to Think About Bitcoin's Value [Bradley Rettler]
Bitcoin Audible
Read_544 - Another Way to Think About Bitcoin's Value [Bradley Rettler]

Jul 20 2021 | 00:37:23

/

Hosted By

Guy Swann

Show Notes

"Owning bitcoin is often put in contrast to owning stock in a company that produces a good or service. In virtue of the company producing a good or service and receiving money for the good or service, stock in that company is said to have intrinsic value. Methods of calculation of the intrinsic value of a stock usually involve calculating the value of the assets the company has and/or the expected future earnings. Bitcoin is not a company and produces no goods or services — so it lacks intrinsic value. So goes the criticism." - Bradley Rettler Why is it so difficult for people to wrap their heads around the idea of Bitcoin's value? Its always met with criticisms like "but it doesn't have intrinsic value," or "but its not backed by anything." In this context, what does intrinsic value even mean, and does Bitcoin have any of it? Dr. Bradley Rettler brings us a great breakdown at Bitcoin Magazine on the philosophy of value & what, if anything, actually has intrinsic value at all. Another Way to Think About Bitcoin's Value: https://bitcoinmagazine.com/culture/bitcoin-intrinsic-value-definition Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors! 5% off the BitBox02 with code "GUY," your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch And $10 in sats for FREE by starting your automatic savings plan at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

August 28, 2020 00:08:22
Episode Cover

Hal’s Day - Bitcoin & Me [reboot]

Bringing back an old post for Hal’s Day. 6 years ago today we lost Hal Finney. This post was one of his last on...

Listen

Episode

June 18, 2019 01:04:54
Episode Cover

GuysTake_019 - Libra Doesn't Compete with Bitcoin, But it Might Kill Ripple

All the buzz is about FacebookCoin, I mean FacePalmCoin, I mean Libra today with the release of the testnet and Libra.org giving much sought...

Listen

Episode

December 06, 2023 01:17:21
Episode Cover

Read_781 - The Censorship Industrial Complex, CTIL Files 01

"Many people insist that governments aren't involved in censorship, but they are. And now, a whistleblower has come forward with an explosive new trove...

Listen