Another Way To Think About Bitcoin’s Value
One’s opinion on the value of bitcoin depends on one’s definition of value, as it is with anything.Dr. Rettler is an assistant professor of Philosophy at the University of Wyoming.In this essay, I want to clarify and respond to a prevalent assertion regarding bitcoin — that “bitcoin has no intrinsic value.” Two preliminary things to note. First, this is not used merely as a normatively neutral descriptive statement; it’s stated as a criticism. It usually appears in the following kind of argument, often with premises elided: it’s bad to lack intrinsic value. Bitcoin lacks intrinsic value.....
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