@HbdNrx @Outsideness @AnarchoPapist @NRxNorth I really dont understand the intrinsic economic value attitude
@soapjackal We all know that intrinsic value is not the only factor in the short-term price. The examples aren't as important as the def.
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@HbdNrx@soapjackal Even something useful can be worth $0 if you can't sell it. Say a used piece of 2x4 you find on the street. -
@Costofles
@HbdNrx you can sell a used piece of 2x4 it just may not be worth the opportunity cost to do so -
@soapjackal@HbdNrx Depends on where you are. In my neck of the woods junk lumber is easily scavenged. Market value <$0.01 -
@soapjackal@HbdNrx But more to the point, I can picture a future where no BTC blockchain code has been compiled for contemporary.... -
@soapjackal@HbdNrx ....computer systems. BTC/USD would effectively be $0.00 for practical purposes. -
@Costofles
@HbdNrx the technology behind bitcoin may become, and actually is becoming obsolete, but the concept is not -
@Costofles
@HbdNrx anti-counterfeiting is highly desirable so thats why we see things like Open-Transactions -
@soapjackal@HbdNrx Not talking about the concept. Talking about the market pair BTC/USD. - 5 more replies
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