In the same way that ex. Bitcoin has intrinsic value as means to write data to an immutable public ledger, both of these applications are insufficient to justif

In the same way that ex. Bitcoin has intrinsic value as means to write data to an immutable public ledger, both of these applications are insufficient to justify the value each of these things hold. The fact of the matter is that intrinsic value is not a real thing, and as a model it makes bad predictions for assets primarily intended as mediums for exchange and value storing.