I love the hypothetical, but I will admit I tried to redirect it :-) thank you for your response. I agree, one cannot consider “trade value” as a component of

I love the hypothetical, but I will admit I tried to redirect it :-) thank you for your response. I agree, one cannot consider “trade value” as a component of intrinsic — I think a better (partial) attribute of intrinsic to be its fungibility, which is more what I meant (ease of selling) instead of “trade value” as (sale price). Ease of selling can impact the sale price, which makes it an attribute of its trade value, not intrinsic, but I am making an argument that the very nature of the asset’s fungibility makes it a component of its intrinsic value. BTC is not perfectly fungible due to tx taint, but it is fungible enough over traditional stores of value that it makes it slightly better than traditional. This itself is independent of its sale price; “BTC had an intrinsic value the day it was born”, by merit of its coin provenance, audibility, integrity, censorship resistance and fungibility. That is worth something, even if nobody on earth wants to trade it for fiat.