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0 sats \ 1 reply \ @tomlaies 24 Aug 2022 \ on: "Intrinsic Value" does not exist. bitcoin
Things can have an intrinsic value ">0 but no specific number". If it provides value. E.g. an apple has that, an iphone as well (look up: Maslow's hierarchy/pyramids of needs)
A money never has an intrinsic value except as a tool for fungible denominating. Talking about a specific value of a money is always nonsense since it always relies on peoples behaviour and the mirror image of available goods and services. That's why this discussion is utter nonsense to talk about it at all.
fungible denominations of MASS, like gold, silver, salt...have values other than as fungible denominators.
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