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Does bitcoin have any intrinsic value?

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Many argue that bitcoin has no intrinsic value and that it’s money that has appeared out of nowhere. Hence they feel justified in saying it’s worthless! Well, what is the intrinsic value of fiat money? That it’s backed by Gold? Maybe so but it’s a well known fact that the gold standard isn’t really followed by any country. No one knows how much US dollar is in circulation right now. Otherwise how can 10 trillion dollars go missing from pentagon’s budget without anyone having a clue of it. That is money worth almost the size of the Chinese economy being lost without trace. Bitcoin infact is a completely transparent system with a public ledger system called the “blockchain”. All transactions happening anywhere in the bitcoin world are recorded and can be viewed by anyone on the ledger available at www.blockcahin.info Now coming to the intrinsic value of gold. Well, what’s that? That it is rare and hence precious. The question is, is it really rare? Or just because wherever
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Bitcoin for dummies!

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The whole world seems to be talking about bitcoin. Some say it means loads of money, some say it’s a currency, others say it’s a bubble but in the midst of all the chaos, it sure sounds like Bitcoin is getting all the attention it deserves & more! Let me try to explain bitcoin is the simplest terms possible. Bitcoin is a peer to peer cash system which means direct transference of cash from one peer (read person) to another(person) over the internet. Now think of how would you ideally send money to your sister who’s sitting in another city or country and she needs help? Let me guess! Maybe through a bank transfer, or western union or paypal or a payment gateway or visa or mastercard maybe through any other system that is directly or indirectly offered by a bank. There is no other way currently to transfer money directly without taking the help of a third party like a bank. Bitcoin, instead is a cash system through which you can buy bitcoins through your local exchan
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