Technically nothing has intrinsic value. The only reason it has value is because people decide that they are valuable. Those reasons could be that they help solve problems or they provide usable energy to us. Everything is just chemistry, the value of something is determined by the market, aka people. Crypto Kitties aren't very valuable on Mars. Oxygen is very valuable on Mars though. Get the picture?
Gold and Silver does have intrinsic value , while crypto currency and fiat does not. in what way? wel both gold and silver can be used to make stuff with. Both jewlery and electronics and in medical cases. In other words, it have a physical use even with no money involved. No belief in its value is needed for there to be a use case. Where as crypto currencys and fiat requiers a blief in it having a value as in itself if none used it, there is no value.
Thats the main diference.
But ofcourse you could argue that if you dont know what it can be used for, its useless and thus no value. But it still exist as a physical material that plays a part in nature. Get the picture?
Doesn't steem have intrinsic value? It provides more than a way to store and move currency. It provides a robust blogging space with voting and other functionality.
Technically nothing has intrinsic value. The only reason it has value is because people decide that they are valuable. Those reasons could be that they help solve problems or they provide usable energy to us. Everything is just chemistry, the value of something is determined by the market, aka people. Crypto Kitties aren't very valuable on Mars. Oxygen is very valuable on Mars though. Get the picture?
Gold and Silver does have intrinsic value , while crypto currency and fiat does not. in what way? wel both gold and silver can be used to make stuff with. Both jewlery and electronics and in medical cases. In other words, it have a physical use even with no money involved. No belief in its value is needed for there to be a use case. Where as crypto currencys and fiat requiers a blief in it having a value as in itself if none used it, there is no value.
Thats the main diference.
But ofcourse you could argue that if you dont know what it can be used for, its useless and thus no value. But it still exist as a physical material that plays a part in nature. Get the picture?
Doesn't steem have intrinsic value? It provides more than a way to store and move currency. It provides a robust blogging space with voting and other functionality.
This is one of the reasons i like steem over other cryptos.