If everything is divided by 21 million, does that mean all non-bitcoin assets are worthless?
No. Value is subjective.
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This notion needs a lot more attention than it gets. Many times I see conversations about wether this or that has value or how to determine real value, people keep saying the phrase 'intrinsic value' without realizing it doesn't actually make any sense.
I think the nature and dynamics of the concept of value needs more attention in our literature. I think it would help to elucidate many of the more confusing and ethereal concepts surrounding Bitcoin. A proper understanding of Value and how it works
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I like to say that everything is only back by the utilities it presents to the human species. “Intrinsic value” is just a buzzword.
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