disagree - things have value if people agree they have value. that's about as simple and basic as it gets.
gold has had value because it's rare. People turned it into things to display their opulence, but at the end of the day, it's got value because people want it.
inherent, intrensic value is not percieved value. god youre retarded.
gold is not valuable just because its rare. it has real, physical uses. shitcoin is does not.
and you're blind.
No - Gold has value because it's accepted as valuable. beyond that, it's a chunck of heavy stuff. The intrinsic value requires a functioning society - same as bitcoin. In a societal collapse, both gold and bitcoin cease to have any "inherent, intrensic value."
and, by the way - it's spelled "intrinsic." I always find it funny when people make simple spelling and grammatical mistakes when attacking another's intelligence....
so physical assets cease to have value when civilization collapses. you are an idiot.
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