I love to talk about value. It is simultaneously the most used and misunderstood thing I know. I like to start with pointing out how fast value can change. Right now a breath of air is not worth much to most. Get stuck underwater, a few cm is enough..., and the value for that same breath of air goes within 20-40 seconds for most from almost no value to a lot. To increase in value a few 10 seconds later to "most they possess". The second exercise I take on is explaining how a free trade works (a trade not being forced upon either participating). Most think a free trade is based on both side agreeing on a fair value and next close the deal. To me trying to explain a free trade only takes place if both parties DISAGREE on the value and that to be the only reason for a successful free trade. If one of the parties think they don't gain on that trade why would that partie agree to that free trade. It is the difference in perceived value both parties see, and makes both think they do a good deal or gain, that makes the free deal possible. So value is always relative, can vary a lot even in short time, and is just a human concept. Who ever combined or combines "intrinsic" and "value" usually can't explain either properly..... Next I always try to point out that everything can, and a lot has been, successfully used as money. Glass beats, seashells, salt, cigarettes, Gold/Silver, pieces of paper with death people on it some can print for free 🤮 If that hurdle is taken the last step to be taken is find properties the best Money should have. Still not everyone will agree on the outcome 😇 But most can make the step Fiat is actually insane. To next agree Gold did/does a good job. To start to open up to #Bitcoin being way better than Gold in modern interconnected fast moving world. The previous mentioned steps usually do take some time to settle and truly set in. And most have some hurdles that need more explanation and discussion.

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I think not having intrinsic value is one of the things that makes it the best money.

Humility is a trait that leads to great things. Good for you! Wish I could say the same for other goldbugs I’ve known.

I hate the term "intrinsic value" its a complete oxymoron. Value is never intrinsic its something that has to be ascribed. Properties and characteristics can be intrinsic but someone or something has to choose to value them.

Nothing has intrinsic value. Value is inherently subjective and relative to individual preferences, not intrinsic.

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