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What is the "intrinsic value" of the SWIFT network? Or the Internet for that matter?
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- It only has agreed upon value among those who use it. Could say it is a "derived value".
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What is the "intrinsic value" of the SWIFT network? Or the Internet for that matter?
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.