No, not /thread
In my opinion what (potentially) makes bitcoin valuable over other currencies is definitely its intrinsic value:
privacy, decentralization, unregulated with option to "opt in" to regulation, peer validation, universality, as op mentioned "digitizing the timeline."
It has other intrinsic values that (potentially) makes bitcoin borderline useless:
need for non-laziness, tech awareness and requirements, security... for example.
I don't think there is any vagueness with the term "intrinsic" ... there are properties to a bitcoin that are not removable from bitcoin. They're not arguable, they're part of the definition of a bitcoin.
What those values are worth? Of course that's subjective. You might as well say the intrinsic value of a bitcoin is TREE FIDDY.
other currencies don't necessarily have intrinsic values, but they can. You can stretch the definition of a currency, aka,"iPhones as currency."
You are confusing intrinsic
properties with intrinsic
value. (don't worry, happens all the time)
These are two completely different concepts.
One is physics and one is economics.
Intrinsic
property is stuff like that lead is heavy or that grass is green or bitcoin requires tech awareness.
Intrinsic
value is when
you can do something with your bitcoin that would prevent you from using the bitcoin as an exchange of value.
So, if you would break apart your hard drive with the blockchain and you would mount a magnetic head on the disc and play back the bits as if they were sound then that may have intrinsic value for you.
So intrinsic value is about choice.
Do you barter away the object as an economical instrument or do you keep it and make use of its intrinsic value?
There is nothing about this choice that is inherently objective or subjective.