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Yes your lack of knowledge about financial services products is the very essence of this conversation - it's the only reason you posted a youtube video from a bitcoin smear tactician as if his opinion means anything. You took the bait and ran with it - I just tugged a little on the hook and here you are. Well maybe you can learn something.
The reason these guys are scared shitless by Bitcoin is they trade daily in Financial Services Products (on wall street it's in the hundreds of millions, or billions) of dollars worth per day that have absolutely no intrinsic value.
You really didn't get my meaning that the word Intrinsic (of course it has meaning) has no meaning to the longevity or stability of Bitcoin? Meaning - it's irrelevant.
The funniest thing about this thread is that your "economist" certainly does point make a very good case for Bitcoin actually having intrinsic value - all it takes is something that takes resources (work) to get, and is finite in quantity (many would argue) - those 2 simple features contained in a Financial Product are ALWAYS going to make people want to trade that product... the term "Intrinsic" is just absolutely moot.
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