2 ms·
You are correct that intrinsic value is very vague. That wikipedia article, for example, is incorrect if you apply a strict definition of intrinsic value. Since
by argonaut 14y ago
You are correct that intrinsic value is very vague. That wikipedia article, for example, is incorrect if you apply a strict definition of intrinsic value. Since all currency value is essentially subjective, all fiat currencies / digital currencies are devoid of intrinsic value.
The value from satisfying legal requirements is extrinsic.