Getting value semantics wrong can easily lead to a race condition. All you have to do is share mutable state but advertise it as part of a well-defined value.
I still believe that I have already posted a useful formal definition of value semantics that is consistent with how we've used the term casually. In fact @Alvae, @shabalin, @dan-zheng, @saeta and I have written several papers based on this definition. Unfortunately can't share them yet since we're still trying to get them accepted somewhere…