Does money have an intrinsic value?

The answer is no.

Money is fragile and temporary. And precisely this is the main argument used against cryptocurrencies: they claim to be worthless because “they have no backing”.

The fiat money is issued against debt taken by the State and then paid with the collection of taxes and other resources.

Cryptocurrencies are issued on the basis of a cost (network, mining or transaction fees).

The value of a good lies in its demand. The value is given by the market. Value is subjective.

My article

https://liberlion.medium.com/the-value-of-crypto-currencies-as-money-67ddea583451

Reply to this note

Please Login to reply.

Discussion

Like Chuck E. Cheese game tokens...

The value is not given by the market, the price is given by the market. As value is Always subjective…

Also the value of of the Good does not lies in the demand, the Price Lied in the demand