Just helped a friend the other day boot up a Multibit HD wallet from 2013 that hadn't been opened in more than a decade.
It took a day to get current, but it connected, downloaded and verified blocks, and he sent a transaction to his new keys without a hitch. Wild.
Multibit was the goat.
#Bitcoin has "no intrinsic value" in exactly the same way language has no intrinsic value.
The value of both is derived from the network it creates and what what is possible only with if that network exists.
A society without language to communicate information is so poor it's hardly worth calling it a "society." The same is true for Bitcoin and sound money.
Keep watching. The world of bitcoiners will keep getting wealthier, and the fiat world will keep getting poorer. You are invited anytime you would like to stop having fun staying poor using money that explicitly steals from you and says its for your benefit.
People don't realize that #Bitcoin can conquer a $100+ trillion market simply because of multisig and the unbreakable reliability of its settlement.
There is no collateral that can even come close to any of the 5 most important traits you want in a perfect collateral. Bitcoin destroys all of it.
- quick to exchange
- easy to verify
- easy & quick to liquidate at any time on any day
- cant be damaged, perfectly portable
- completely unmatched in mitigating trust and custody concerns
Literally nothing is even in the same ballpark.