On: Ghana plans to buy oil with gold instead of dollar...

[fendy3002]

I wonder if they can use it? As a noob I see that crypto value is very volatile and don't have intrinsic value, unlike gold that somehow is accepted universally as valuable.

[tremarley → fendy3002]

It has intrinsic value as it requires work to mine it. It is impossible to generate more whenever you want.

You can spend bitcoin in every country, it's valuable everywhere.

[andsoitis → tremarley]

> It has intrinsic value as it requires work to mine it.

All work isn’t equally valuable. Some work is worth nothing.

> It is impossible to generate more whenever you want.

Value and wealth do not only arise from scarcity.