[LINK] ASX CHESS and Blockchain

[David Lochrin]

On 07/12/2017 13:41, Roger Clarke wrote:

> Value-authentication of the $5 note is performed by inspecting it and comparing its appearance against people's expectations (a good forgery being worth as much as one printed by the official Mint).

Yes, but a valid $5 note has an inherent asset value determined by what it can buy in goods & services.  However the inherent value of a bitcoin is determined almost solely by what someone is prepared to pay for it, which is why its value fluctuates so widely, and trading in the current bubble is probably mostly speculative.

David L.