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10 sats \ 2 replies \ @Malachi17 31 Jan \ parent \ on: Central banks have been buying gold at a record pace news
Gold is inherently valuable to most everyone as it is a precious metal and there is therefore not a lot of it. (Still, there is a bit of it). BTC doesn't have any intrinsic value beyond a digitally derived market.
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0 sats \ 1 reply \ @DiedOnTitan 31 Jan
What is the "intrinsic value" of the SWIFT network? Or the Internet for that matter?
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0 sats \ 0 replies \ @Malachi17 31 Jan
  1. It only has agreed upon value among those who use it. Could say it is a "derived value".
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