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 — Coinsbank official website …

5 Comments

  1. 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.

  2. Charlie Lee is a crook.

    There is no such thing as intrinsic value, value is subjective and different to every person. Value of anything comes from its use case, without use case, there is no value. Work alone doesn't create value if what is produced has no use case value to anyone. Digging a hole in the ground in the middle of a forest normally has no value to anyone but it requires work. However if you were digging that hole in time of war and that hole can save your life, it will have great value to you. So as I said, and Charlie Lee is clueless about this, there is no such thing as intrinsic value.

    There are many other highly stupid and incorrect things he says here and in other occasions but I don't have time or will to point them all out… people need to start using their common sense and logical thinking to pick up on these things and stop trusting the bullshit they are told by crooks like this one.

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