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Define "value", because I'm pretty sure that 99% of globally used currencies won't have this magical "intrinsic value" that you speak of.
by Lambdanaut 13y ago
Define "value", because I'm pretty sure that 99% of globally used currencies won't have this magical "intrinsic value" that you speak of.
- venomsnake 13y agoThe usd has intrinsic value - it saves you from years in jail if you cough up as much as Uncle Sam requires of you every year.
- tripa 13y agoYou've only claimed it had value to Uncle Sam here, we're far from “intrinsic”.
- BlackDeath3 13y agoIt seems like a lot of people parse "intrinsic value" as "value".
- ye 13y agoHow is that a value? Even if it is a value in some bizarre universe, it's not intrinsic, but an external one.
- Lambdanaut 13y agoOnce again there's this ridiculous "intrinsic value" / "value" dichotomy. So then what, is your definition of "intrinsic value" that a recognized government accepts it as their official currency and exchanges bail bonds for it? That's incredibly arbitrary.