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What is the reasoning behind the notion that because bitcoin has no intrinsic value therefore it's not suitable as currency? Or, to put another way, if no one "held" US dollars, but simply … used them to spend or invest, would that invalidate it as a currency for buying chickens? The author addresses the difference between bitcoin and fiat currency (such as greenbacks): Because of …
answered Jul 25 '16 by JimmyJames