What Is “Value”? (Subjective Value in Plain Words)
5 min readarticleIncludes quiz · 2 questions
Value isn't stamped on things like a price tag - it's in your head. Water is priceless in a desert, worthless in a flood. Same water, different value. Bitcoin's value emerges from its useful properties and network of users, not from gold backing or government force.
Simple frame:
- •Utility: Does it solve a problem?
- •Scarcity: Is it limited?
- •Demand: Do people want it?
- •Trust/Verifiability: Can I rely on it?
Money's value comes from its monetary properties and network effects.
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