Intrinsic Value

The idea that Bitcoin has no intrinsic or inherent value is based on a misunderstanding of what “value” actually means. Look at the euro, or any other fiat currency, and you’ll see the same thing: there is no intrinsic value there either. Fiat currencies are valuable only because the state has the legitimacy to control the money supply and we trust that authority.

History, however, is full of examples where that trust has been abused. One could even argue that fiat currencies carry a kind of negative value: if you store your purchasing power in them, it erodes over time, while other assets retain or even increase in value.

Calling Bitcoin “worthless” is a cliché, often used by those who haven’t seriously engaged with it, or who know that Bitcoin is superior to traditional forms of money and are trying to undermine it.

The euro exists only because we trust institutions that relentlessly betray us

Armed with knowledge

We Bitcoiners do not fight in the traditional sense. It is a fight without violence, armed only with the knowledge that every fiat currency will one day collapse and spiral into hyperinflation. It is only a matter of time. We Bitcoiners look at the fiat-made problems of this world with a sense of amusement, because we already know we have won. The world just needs a little longer to realize it. Bitcoin art is a beautiful way to document this evolution.

This artwork emerges through the community.

We are all Satoshi.

Our central banks hold a monopoly over monetary sovereignty — in other words, they are authorized to create money. In a perfect world, this might be a workable concept. But the world is far from perfect, and this monopoly has often been abused for the benefit of a few, inevitably leading to the Cantillon Effect.

Fiat money is, at its core, nothing more than colorful pieces of paper with pretty pictures, imposed on us as legal tender. With this project, I want to illustrate the deeply misunderstood notion of intrinsic value. Fiat currency only gains relevance because state structures force us to use it. In a free market of competing forms of money, fiat would not survive for long.

This is precisely why Bitcoin is so powerful: it was forged in the free market, and as a result it represents a superior form of money — one that will prevail sooner or later, despite the resistance of central banks and state authorities.