Charlie Lee: The Intrinsic Value of Cryptocurrencies - Blockchain Cruise 2018

Coinsbank Blockchain Cruise 2018
Speaker: Charlie Lee
Creator of Litecoin
Topic: The Intrinsic Value of Cryptocurrencies
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[kylejoseph]

A few people seem to have a problem with the term "Intrinsic Value".

The context in which Charlie Lee is using it is.... What are the intrinsic (fundamental, innate, inherent or built-in) characteristics that give an object (such as Bitcoin, Gold, Fiat currency) value (utility, usefulness, worth).

What Roger Ver has done is essentially "play or argue semantics". Defining "Intrinsic Value" in a very narrow literal sense of, intrinsic (fundamental, innate, inherent or built-in) value (utility, usefulness, worth).

He then uses this logical fallacy to argue that intrinsic value doesn't exist therefore Bitcoin can't have intrinsic value. Maybe so, however Bitcoin does have intrinsic characteristics from which it's value in the eyes of many is derived. That is what Charlie Lee is trying to get across to people.

[stanleymumo]

Also, bitcoin is the only unconfiscatable property or asset in the world if you store it in a secure hardware wallet

[mrkellysch]

Watch the Bcash troll the comments because Ver's rude shilling came to bite him in the a##. Charlie's too cool for school

[Brismo]

His name is Bitcoin Judas. Ver is a chinese snake in the grass