Gold relics, please catch up:
1) intrinsic value is now a bygone myth (like the heliocentric universe) since the subjective theory of value was formally established.
2) corporeal is a well-established legal term, to mean not intangible. Corporeal obviously encompasses bitcoin private keys (electronic or magnetic arrangements on digital media or seed phrases and written words on paper or other media). I.e. cryptographic keys are substantial and the possessor of the substance of the physical bitcoin private keys controls the value encumbered upon those keys.
3) bitcoin keys have been demonstrably proven in the market place as an effective physical, non-fiat, bearer instrument, the purest form of money invented to date. In cannot be uninvented, the next iteration will not be gold but likely something even further removed from rocks dug out of the ground to be used as a value transfer and storage information technology.
4) gold is not dead but the writing is on the wall, it will eventually become a monetary relic, like cowry shells, rai stones, wampum shells, tally-sticks, continental notes, silver, copper, nickel and fed res. debt promissories. All that will not happen overnight. You have time to dyodd.
Jesus Christ. What a lying scammer-tard.
1) Nobody used the word intrinsic value. You're trying to pigeonhole the discussion into a meaningless catch phrase. Let's attack this subject in real terms instead of your bogus propaganda. Bitcoin is a fake commodity. If you corner all 21 million "coins", the rest of the world can completely ignore you like you don't even exist. If I buy up all of a real commodity like physical silver, the world actually needs it and I can ask whatever the market can bear.
This is the crux of the Aristotle vs Plato argument of money. Aristotle said that money is required to be a real physical commodity. Plato was a Keynesian and said money could be an imaginary widget (aka Bitcoin). Plato was obviously wrong due to my above example showing how people can simply boycott a fake commodity and your system implodes leaving you powerless. You're a 21st century bugman unable to comprehend these arguments about what can and can't be money have already been made 2000 years ago and nothing has changed to make Plato's argument valid unless you're arguing that the state should force people to use a fake commodity at gunpoint. Using a fake commodity works in no other manner besides at gunpoint.
2) Yes, thank you for using the word "corporeal" to describe Bitcoin aka imaginary and valueless - a fake commodity.
3) Bitcoin is not "money". It's a "currency". It even has the word currency in it's name "cryptocurrency" for people with a very low IQ to be able to see. Every currency starts at a value of 0 and returns there. All currencies are essentially pump and dump scams.
4) The writing is on the wall for all fiats, currencies, and fake commodities, not real commodity money. Fake commodities are faith based, real commodities aren't. This is without even discussing Bitcoin tokens are non-fungible with transaction validators being designed to centralize, making it a permissioned ledger with zero fundamentals and no reason to exist.
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