Value of money as a function of fees needed to use it

Think about it.

Ideal money that you don't need to pay fees to use, transfers the full value on every transaction.

Physically, the closest we have come to that is cash, although that also suffers from some costs imposed by the issuers and wear & tear on the physical media (coins or paper).

Electronically, since Bitcoin introduced the world to the concept of blockchains, we have more options, ranging from chains where you pay zero/almost zero fees to chains which may have high fees per transaction.

The value you get out of your coins is related to the amount of fees you need to pay to spend them.

If you end up needing to spend all your money on fees, the value of those coins to you is:

0.

(same if the fees to spend would exceed your holdings)

Important reading for all bitcoiners:

https://unchained.com/blog/small-utxo-bitcoin-dust/

BitcoinCash users can be relaxed about this, since their fees are likely to remain so far below the size of their UTXOs that they should always be able to spend with very low impact on their transactions.