By Patrick Caughill
Earlier this year, Forbes contributor Jason Bloomberg questioned whether Bitcoin held any intrinsic value, that is, the currency’s value outside of the price tag that the market slaps on each coin. He was hard-pressed to find an answer, with many experts pointing to Bitcoin’s market value as its only real value. This question of value is an important part of determining the overall utility of the currency and either proving or debunking Stiglitz’s claim that Bitcoin lacks function.
Read the entire article at https://futurism.com/nobel-prize-winning-economist-says-bitcoin-ought-outlawed/