All I need is for somebody to show me what the intrinsic value of a Bitcoin is. I have yet to find one person in the entire world who can do that.
Discussion
Send me 1 bitcoin. Go get 1 bitcoin and send it to me. Tell me how much that cost you.
intrinsics are qualities not quantities determined by market supply and demand.
intrinsic means something that comes from within something.
there is also the other word "inherent" which is similar but different , in that it acquires this property from something outside of itself.
first of all, the correct term would be "inherent value"
second, no commodity has inherent value without mentioning where it gets that value from.
what bitcoin's inherent value is that its supply is fixed, it is intangible (much easier to carry a 24 word key that could contain anywhere up to hypothetically 21 million bitcoin units), its ownership cannot be contested without the owner proving they own the coin by signing a message with the key, so possession can be verified - see Craig Wright's endless attempts to claim ownership of Satoshi's coins, and unlike gold, which is geographically limited in its location to mine it, anyone with an internet connection, electricity and a bitcoin miner can participate in securing it against malicious corruption of the ledger and be rewarded for it, thus production of bitcoin is far more fungible than gold. and not to forget, the base cost of participating in mining is far lower than the cost of establishing a gold mining operation.
it is much harder to hide gold, much harder to transport it, and its supply increase is substantially greater, and unlike proving you control the address the ledger shows has a specific amount of bitcoin in it, you can pass off bars of gold that actually are primarily composed of tungsten. and lastly, most of the gold is already owned by central banks, who might decide to dump the gold on the market if it increases in value, to liquidate their debts. and even, it can be that governments forbid you from searching for it, like they do in bulgaria, where some of the oldest discovered examples of gold were found dating back some 6000 years (in Varna), but if cops see you walking around the place with a metal detector you could get arrested and fined. a bitcoin miner is less detectable than a weed farm.
and i'm not splitting hairs by challenging the use of the word intrinsic. intrinsic properties of things do not, by definition, have example because they are not compared against something else. in fact, ironically, most of the things that have intrinsics are intangibles.
bitcoin does have intrinsic properties: it's intangible, it's basically imposible to counterfeit. supply stuff is an inherent property that depends on nobody successfully persuading over half of the miners to adopt a new emission rate, so it's an inherent property that its supply is fixed (it's simply improbable anyone would achieve such a thing).