I'm confused by the intrinsic value conversation, can someone clear it up for me? (
@Alan Edward Klein ?)
I understand that intrinsic means it's sort of "built-in" versus extrinsic which means we've applied value based on our desires. But can you say anything simply has intrinsic value? If I have a hammer in my hand, it only has intrinsic value if I'm looking at a half driven nail. I see intrisinc value more like kinetic energy and extrinsic more like potential. Okay, maybe that's a bad analogy but I hope the hammer example is clear.
So why does a print on "real" paper have supposed intrinsic value but an NFT on a "real" screen does not? It seems to me to be kind of silly to not think of humanity as moving towards a predominately "digital" lifestyle as surely as the industrial revolution put us mostly in weatherproof structures and gave us reliable plumbing and electricity. If I have an NFT hanging on the wall of my VR (edit: Virtual Reality) mansion, it would be no less real to me than some piece locked away in a vault here in space-time, never being looked at because it needs time to appreciate.