Value is an intrinsically human concept. If humans desire something (membership, ownership, or something else entirely) then it has value. If humans do not desire it, then it does not have value.
This is something he has failed to wrap his head around... he just doesn't get it... It's all about human subjectivity. The only reason the FIAT/Gold etc is "valuable" is because of collective human subjectivity, which I mentioned in one of my replies... Once you take that out there is no such thing as "Value".