Bitcoin - Intrinsically Worthless?

If bitcoin has no non-monetary use, then either Mises’ Regression Theorem is incomplete, or bitcoin is a medium of exchange, but not for the reasons an Austrian economist might think…[1]

Bitcoin is not a ready fit with the typical categories of commodity money and fiat money, or with a new proposed category of synthetic commodity money. The absence of fit is unsurprising given bitcoin’s conjoining of the material and the abstract, which presents an ambiguous (liminal) computational artefact.