I disagree :)
What's food for me may not be food for you: if I'm vegetarian, then the beef you're eating has no intrinsic value for me.
It only has value if I can trust it to feed me - under my own terms of what food means.
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Exchangable and widely accepted as exchangable is difference. Everything is excvhangable under right conditions. Almost nothing is universaly exchangable.
I'm not talking about exchangeable here, that's a different characteristic of money, I'm talking simply about value. My point is that value is a byproduct of trust, overwhelmingly.
Well, you are in that sentance.