“Intrinsic value” is a myth.
All value is subjective
Discussion
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It's so obvious too... I really don't understand how so many people contend otherwise. I am constantly battling normies on this basic point.
When fiat maxis goes on rants about how “Bitcoin has no intrinsic value” you know they’ve lost the plot
exactly - intrinsic value of dollar gold btc = 0
" beauty is eyes of beholder "
acceptance is 🔑
value comes from " to whom u give" - NOT what u or u accountant value
if u 1btc to some who has never used internet value of BTC=0 to him/her
It was an attempt to distinguish between how people actually value something and how you think it should be valued, now or in the future, based on the information you're taking into account in your own evaluation.
People like Schiff extend this to mean "ability to be used for something else" which is obviously bs. If something has a monetary premium who cares that it has a value of 1% of that for some other use.
Stupid word that we don't need, imo.
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Bingo!
Yup! How much is worth to you!
'Intrinsic' value only applies to a soul or a relationship with another person.
All items are only worth what someone will pay for them or their use value.