Gold has no intrinsic value, other than limited uses for electronics. It's only valuable because of scarcity and a shared understanding from ancient times that this metal is shiny and doesn't corrode, so let's make jewelry and coins from it.

Why are diamonds valuable, when they are not really rare? Ask the DeBeers family.

In finance, intrinsic value of an asset usually refers to a value calculated on simplified assumptions. For example the intrinsic value of an option is based on the current market value of the underlying instrument, ignoring the possibility of future fluctuations and the time value of money.

Intrinsic value, according to early results on duckduckgo. That's a wide definition, could you elaborate as to why gold and silver has this property but not cryptocurrency?

I know the meaning of intrinsic value, but I don't get why that's an important property of a currency. Just because you can touch something doesn't means you're safe from being scammed by some scheme that just happens to be printed on paper instead of being online only.