Thanks for sharing @knircky. Interesting arguments at I somewhat agree with, but also don't in many ways.
As a full time person in this industry, I study the the concept of economic value and tokens a lot. Bitcoin has some core economic value, has a relatively good velocity, and is also the building blocks of a technology.
Something that no one talks about is how secure it is. Using the Bitcoin blockchain, people could potentially build some form of encrypted file structure to store info, thus leveraging its security, due to the amount of mining power it has used to be secured.
It has intrinsic value, but I agree that because of its inferiority, it could hit 5k in the Summer - but then again if one looks at Metcalfes law, it makes sense that it will increase in value. There are string arguments both sides!
I just out you on autovoter because I really like your content, I'd really appreciate your support on my latest post.