[CNBC] Digital Currency Has Real Value — Here’s Why
This is one of those great basic videos that is perfect to pass to friends, family, and coworkers.
At least for some, bitcoin is seen to have both scarcity and utility. That makes it valuable.
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CNBC, you're wrong on the two focuses you can't state something is rare when I can fork bitcoin anybody can in addition to you have ICOs and Alt coins. Second its not being utilized as a cash and bombs hopelessly on this. Anybody can esteem anything, the thing to ask is its natural esteem, since bitcoin doesn't have income, profit, income, or unmistakable book esteem it would be hard for anybody to legitimize bitcoin at any cost. Bitcoin works for government where there money have bombed, too high exchange charge and excessively slow.
A Bitcoin fork =/= Bitcoin. Your argument is basically "Gold is no good because Silver exists" which is obviously not true.
Second, Bitcoin has been used as a currency, and quite well for a long time up until just this past year really if you think about it.
I am confused on your usage of the word 'esteem' in these sentences, could you word that differently?
Great discussion btw, I am not CNBC obviously so cannot argue completely for the video as am just sharing it.