China Bans Financial Companies From Bitcoin Transactions
Pretty disappointed in this statement from Greenspan:<p>“It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.”<p>All money has no intrinsic value, including gold. Things have value because other people want them. That's it. People want bitcoin, then it has value.<p>Pretty much the only thing with intrinsic value is food since people don't want it, they require it.<p>Everything else has value because people say it has value.