It seems all people like gold and silver. Some people know gold and silver are money.If money is a proxy for human work then one can see how gold is money. Money is a measurement of a man or a woman's , work, ingenuity and smarts over a period of time. i e "Blood, Sweat and Tears." When speaking of gold and silver we all know the effort, energy and smarts it takes to mine the metal and turn it into a coin. Not to mention all the diesel fuel and gasoline spent to mine these metals. You could say in every coin there is a storage of diesel fuel. Bitcoin is regarded as a asset along with a ledger. Bitcoin is internet money ,ethereum can use smart contracts for business . Some say bitcoin is money and ethereum is law. A contract is binding by law. i e:" Don't sign it before you read the fine print. " So where is bitcoin's intrinsic value? Is there any gold in Fort Knox? If not where is it. Who is responsible for its accounting? Didn't we put our trust in someone to know. Guess what ? Bitcoin just might eliminate the need for trust. In the near future someone might say : we don't need to rely on human trust in this matter? The crypto code and the math is all we need. Crypto Currency with a built in law! Its inside you and me! Plato, how bout that Republic?
| author | zebrafan75 |
|---|---|
| permlink | bitcoin-s-intrinsic-value-what-backs-bitcoin |
| category | cryptocurrency |
| json_metadata | {"tags":["cryptocurrency","bitcoin","digital","money"],"image":["https://steemitimages.com/DQmQ5J9MhUVNp8tSq3BxG2MFyqGUb4U4GC1qzdxA6pRxFhW/16236770082_205f4e358f_b.jpg"],"app":"steemit/0.1","format":"markdown"} |
| created | 2017-06-25 15:47:18 |
| last_update | 2017-06-25 15:47:18 |
| depth | 0 |
| children | 3 |
| last_payout | 2017-07-02 15:47:18 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.022 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 1,407 |
| author_reputation | 1,718,650,418 |
| root_title | "Bitcoin's Intrinsic Value? What backs Bitcoin." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 6,057,565 |
| net_rshares | 2,135,690,900 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| corruption | 0 | 0 | 100% | ||
| zebrafan75 | 0 | 1,160,706,876 | 100% | ||
| scrodinger | 0 | 974,984,024 | 100% | ||
| cantdecide | 0 | 0 | 100% | ||
| jan-man | 0 | 0 | 100% |
Congratulations @zebrafan75! You have completed some achievement on Steemit and have been rewarded with new badge(s) : [](http://steemitboard.com/@zebrafan75) Award for the number of comments Click on any badge to view your own Board of Honor on SteemitBoard. For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard) If you no longer want to receive notifications, reply to this comment with the word `STOP` > By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
| author | steemitboard |
|---|---|
| permlink | steemitboard-notify-zebrafan75-20171218t012353000z |
| category | cryptocurrency |
| json_metadata | {"image":["https://steemitboard.com/img/notifications.png"]} |
| created | 2017-12-18 01:23:51 |
| last_update | 2017-12-18 01:23:51 |
| depth | 1 |
| children | 0 |
| last_payout | 2017-12-25 01:23:51 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 694 |
| author_reputation | 38,975,615,169,260 |
| root_title | "Bitcoin's Intrinsic Value? What backs Bitcoin." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 23,952,304 |
| net_rshares | 0 |
In the end, value rests in *the belief it has value*: https://steemit.com/cryptocurrency/@wekkel/bitcoin-price-is-that-air-you-are-breathing
| author | wekkel |
|---|---|
| permlink | re-zebrafan75-bitcoin-s-intrinsic-value-what-backs-bitcoin-20170625t160423914z |
| category | cryptocurrency |
| json_metadata | {"tags":["cryptocurrency"],"links":["https://steemit.com/cryptocurrency/@wekkel/bitcoin-price-is-that-air-you-are-breathing"],"app":"steemit/0.1"} |
| created | 2017-06-25 16:04:24 |
| last_update | 2017-06-25 16:04:24 |
| depth | 1 |
| children | 1 |
| last_payout | 2017-07-02 16:04:24 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 140 |
| author_reputation | 793,854,297,842 |
| root_title | "Bitcoin's Intrinsic Value? What backs Bitcoin." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 6,059,680 |
| net_rshares | 0 |
I'll go with that!
| author | zebrafan75 |
|---|---|
| permlink | re-wekkel-re-zebrafan75-bitcoin-s-intrinsic-value-what-backs-bitcoin-20170625t161948793z |
| category | cryptocurrency |
| json_metadata | {"tags":["cryptocurrency"],"app":"steemit/0.1"} |
| created | 2017-06-25 16:19:45 |
| last_update | 2017-06-25 16:19:45 |
| depth | 2 |
| children | 0 |
| last_payout | 2017-07-02 16:19:45 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 18 |
| author_reputation | 1,718,650,418 |
| root_title | "Bitcoin's Intrinsic Value? What backs Bitcoin." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 6,061,481 |
| net_rshares | 0 |
hiveblocks