Well aware of the economic term that's not the problem.
The claim was that gold have intrinsic value and bitcoin doesn't. But to the extent of discussing intrinsic value in economical terms then bitcoin does too.
In other words you can't both have your cake and eat it.
Either both bitcoin and gold has intrinsic value in economical terms or none of them have in philosophical terms.
The value of them are both based on the trust that the market will accept that value which currently for bitcoin is fluctuating very rapidly and for gold more slowly.
The claim was that gold have intrinsic value and bitcoin doesn't. But to the extent of discussing intrinsic value in economical terms then bitcoin does too.
In other words you can't both have your cake and eat it.
Either both bitcoin and gold has intrinsic value in economical terms or none of them have in philosophical terms.
The value of them are both based on the trust that the market will accept that value which currently for bitcoin is fluctuating very rapidly and for gold more slowly.