[beberlei]

Well they have no intrinsic value like gold. And the code could be considered a legal framework that acts as a contract for how BTC/ETC are valued.

[wcarron]

Well gold also has little intrinsic value. Of course, it has uses like in the manufacture of technology, but most gold is used for making useless shit into shiny useless shit. Crypto has uses, too though. Such as facilitating payments, DLT, etc.

All value is assigned. So, what then, besides traditional consensus, makes gold 'intrinsically valuable' without also making cryptocurrencies intrinsically valuable?

[zeep]

Bitcoins have intrinsic value until the hash is broken and gold has intrinsic value until we can make it from neutrons, protons and electrons