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.
Congrats on learning to correctly spell in your insults. Next step is the ability to disagree or have a debate without insults.
(post is archived)