13-10-2018, 06:02 PM
(22-08-2018, 11:35 AM)Wildreamz Wrote: That said, I'm still not clear about the intrinsic value of each coins.I see it this way
Bitcoin and Ethereum have the same intrinsic value of cash, zero.
If you want, their value, just like the value of cash, is the confidence of their users.
However, you must differentiate, there are cryptos backed just by confidence and cryptos backed by goods.
Cryptos which represent a title of ownership on a certain quantity of goods have the same instrinsic value of that goods.
The current cryptohype is due only to the latent lack of confidence in the managers of what we call money, the central banks.
On the long run BTC & Co. will get absorbed by those cryptos which represent a title of ownership on some goods.
Just my opinion