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NickSzabo4's profile
Nick Szabo 🔑
Nick Szabo 🔑
Nick Szabo  🔑
@NickSzabo4

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Nick Szabo  🔑

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    1. David van der Weele‏ @Bullitoss Sep 13
      • Report Tweet
      Replying to @festina_lente_2 @NickSzabo4 @TokenHash

      Concrete example of objective value?

      1 reply 0 retweets 1 like
    2. The Bitcoin Observer‏ @festina_lente_2 Sep 13
      • Report Tweet
      Replying to @Bullitoss @NickSzabo4 @TokenHash

      Writing a text exactly about that! Coming soon!

      1 reply 0 retweets 1 like
    3. The Bitcoin Observer‏ @festina_lente_2 Sep 13
      • Report Tweet
      Replying to @festina_lente_2 @Bullitoss and

      It imagine you are choosing between two types of gasoline to fuel your car. There’s an objective measure of use-value (octanes per volume, or something like that). You can objectively say that one is X better than the other. But you should talk to a chemical engineer.

      3 replies 0 retweets 2 likes
    4. Basic Bitcoinomics‏ @Bitcoinomics101 Sep 13
      • Report Tweet
      Replying to @festina_lente_2 @Bullitoss and

      The value of the gasoline is still subjective, and depends on the subjective value you place on the car. What if I dont value my car? What if my goal is to blow up my engine? Subjectively I would value a different grade of gasoline than someone who values their car more.

      2 replies 0 retweets 1 like
    5. The Bitcoin Observer‏ @festina_lente_2 Sep 13
      • Report Tweet
      Replying to @Bitcoinomics101 @Bullitoss and

      Yes, my point is that a very narrow decision can be assessed in an objective way like this. But, as I said later, most times we have to deal with broader issues and subjectivity takes over. But there are some objective components in the decision nonetheless.

      1 reply 0 retweets 0 likes
    6. Basic Bitcoinomics‏ @Bitcoinomics101 Sep 13
      • Report Tweet
      Replying to @festina_lente_2 @Bullitoss and

      I can't think of an example of objective value. Even air and water is subjectively valued. If I dont want to live, I value neither.

      2 replies 0 retweets 0 likes
    7. The Bitcoin Observer‏ @festina_lente_2 Sep 13
      • Report Tweet
      Replying to @Bitcoinomics101 @Bullitoss and

      To me it's pretty clear that there are objective components people take into account to form their subjective value judgments.

      1 reply 0 retweets 2 likes
    8. Basic Bitcoinomics‏ @Bitcoinomics101 Sep 13
      • Report Tweet
      Replying to @festina_lente_2 @Bullitoss and

      Oh I agree. There are scientific truths and realities in this world, that we use to make our decisions. But value is different. Can you tell me one example of objective values, where every person would not only value it, but value it equally, as to be objective.

      2 replies 0 retweets 2 likes
    9. The Bitcoin Observer‏ @festina_lente_2 Sep 13
      • Report Tweet
      Replying to @Bitcoinomics101 @Bullitoss and

      The not very polite example I use is: I can choose between sandpaper or toilet paper to wipe off my ass. The second objectively better suits my needs versus the first one due to its intrinsic properties (nothing to do with intrinsic value, though!).

      1 reply 0 retweets 1 like
    10. Basic Bitcoinomics‏ @Bitcoinomics101 Sep 13
      • Report Tweet
      Replying to @festina_lente_2 @Bullitoss and

      Your needs. Read definition above.

      2 replies 0 retweets 0 likes
      Nick Szabo  🔑‏ @NickSzabo4 Sep 13
      • Report Tweet
      Replying to @Bitcoinomics101 @festina_lente_2 and

      You can point me to people who've hardened their ass to the point where they actually need the sandy stuff? Or are you just chasing your tail in hallucination land?

      1:25 PM - 13 Sep 2019
      • 1 Like
      • Riding Unicorns to the Moon
      1 reply 0 retweets 1 like
        1. New conversation
        2. Basic Bitcoinomics‏ @Bitcoinomics101 Sep 13
          • Report Tweet
          Replying to @NickSzabo4 @festina_lente_2 and

          I dont need to point you to someone. Is your argument an empirical, provable fact. If this topic is above your scope, just leave. You dont need resort to ad hominem.

          1 reply 0 retweets 0 likes
        3. Nick Szabo  🔑‏ @NickSzabo4 Sep 13
          • Report Tweet
          Replying to @Bitcoinomics101 @festina_lente_2 and

          You and your pathological lack of even a shred of common sense will be the one leaving my threads. Blocked.

          0 replies 0 retweets 3 likes
        4. End of conversation

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