-
In reply to the OP. An easy way to tell if something is value free is to see if it says that something is "good" [=something you should be encouraged to do] or "bad" [=something you should be discouraged from doing]. If it doesn't say something is good or bad, it is value free. Technology tells us how to make stuff. It doesn't
-
Helloween, You have to read Bitcoin Takes a Beating a few times. Especially the quotes from Mises. If you read the Mises quotes about industrial use very very slowly, not as a comic book, but a dense meaningful text in which every word is there for a reason, you will find the answer. Or maybe someone here will volunteer to enlighten you.
-
While we are at it, may as well refute the "non monetary use is speculation" mistake. A popular fallacy recently is saying bitcoin’s initial value, unrelated to its use as money, is its value as a speculation. People bought it because they thought it would go up in price. The possibility of getting rich if you buy some is its initial
-
...its easy to find an industrial value in bitcoin, no one here can deny that the sending of messages to another person, digitally, with a pseudonym, and in code, over a network that is publicly accessible, redundant, and encrypted is valuable. after all, you are on the internet. Jones was ecstatic. The computer store sold him some software that allows
-
There's no myth... Did you even read the OP? What did he think? Hint: His last line.
-
Joseph Salerno speaking : But the Fed does not directly set interest rates. This is the great modern myth, which was designed to conceal the Fed's true modus operandi. The Fed influences interest rates by creating and injecting dollar reserves into the banking system. The additional reserves increase the supply of loanable funds relative to the
-
I've been following reddit's bitcoin forum and there's lots of excitement and people talking about and adopting bitcoin. How can you say that it's just a fad? You've just defined a fad, Blargg. Let's look at a few variations of your question. From Holland, 1637: I've been following the newspapers and there's lots of excitement
-
Note to those following this discussion. Just because Toxic doesn't want to read the links provided above which refute all he wrote about Mesopotamia, Egypt, Phoenicians, etc., doesn't mean you have to go ostrich, too. He is old and settled in his ways. He knows all the answers because ten years ago he was as smart as Malachi. But you, oh curious
-
Clearly bitcoin was valued, for it was produced at a cost by the early miners. Miner's chose to create it and pay for the cost of creation with dollars, over the cost-savings of not creating it. That gave it a non-zero value at that point. Sounds pretty convincing, no? Until you realize that there are several explanations why the early miners were
-
https://en.wikipedia.org/wiki/Taenia_saginata Tapeworm, anyone? Highlights: Usually grows to 35 feet long, lives for 25 years. Undercook your beef or fish etc, and you might get it. Humans acquire the infective larvae from eating undercooked meat Prevention is easy; cook beef until it is no longer pink inside and 56°C in the center, because this