Comments by "SkyRiver" (@SkyRiver1) on "TSMC Cuts China's Access to Advanced Chips || Peter Zeihan" video.

  1.  @Ruben-w2v  Since bitcoin does not have, and never had, and never will have any intrinsic value: it's value is totally derived from a story in the minds of those who value it. In other words, it's value is totally derived from what people think about it. The same is mostly true for many items that do have a physical aspect: Banksy art for instance, or half million dollar handbags, or even diamonds and gold. Of course diamonds and gold do have some intrinsic value as do the handbags, but it is really only a percentage of their value, and in the case of the Banksy art and the handbags: a minute percentage. Stocks and bonds and the value of currency itself is largely derived from consensus perception as opposed to intrinsic value. Food, water, and air, have the most intrinsic value, but even that is relative to scarcity. What is the value of a loaf of bread sitting next to a thousand other loafs at a supermarket? What is the value of that same loaf if it is the only source of food for a hundred miles? What is the value of a bullet if society collapses?
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