@HbdNrx I think there are things with non-monetary value like kinship ties, exercise and Virtue
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Replying to @soapjackal
@HbdNrx but goods you cannot sell and that do not produce cash returns do not have economic value1 reply 0 retweets 0 likes -
Replying to @soapjackal
@soapjackal food has intrinsic value. you can eat it. gold has intrinsic value--it looks pretty, and has industrial applications1 reply 0 retweets 0 likes -
Replying to @soapjackal
@HbdNrx >> then you miss how bitcoin has any value. As does that article1 reply 0 retweets 0 likes -
Replying to @soapjackal
@soapjackal the point is that bitcoin will most likely not have any value in the medium-term1 reply 0 retweets 0 likes -
Replying to @soapjackal
@HbdNrx it has value to a great many people, even if thats just a function of accounts and impossible to steal property.1 reply 0 retweets 0 likes -
Replying to @soapjackal
@soapjackal my position is that its current value is entirely based on misconceptions1 reply 0 retweets 0 likes
@soapjackal I have yet to see where the intrinsic value of bitcoin is. see http://www.bloomberg.com/news/articles/2013-12-04/greenspan-says-bitcoin-a-bubble-without-intrinsic-currency-value …
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