i made a point some time ago that if Bitcoin were to become a global reserve currency, much like gold, due to maintaining the 1MB block size, all Bitcoin 2.0 projects trying to ride the MC would be eliminated due to high tx costs. in that case, the blockchain would only be applicable to Bitcoin as Money:
https://twitter.com/bramcohen/status/557287567121346560There is no such thing as intrinsic value.
All value is subjective , as beheld in the mind of the observer.
All value is subjegated collectively through the market which reaches a consensus price.
If you do not beleive me ask a monkey what has more value - a warehouse full of gold bullion or a single bannana.