5 ms·
"Surely the baseball card’s value does not come from the fact that you can hold a piece of cardboard in your hand" Yes, the value of the Baseball Card is deriv
by jollybean 5y ago
"Surely the baseball card’s value does not come from the fact that you can hold a piece of cardboard in your hand"
Yes, the value of the Baseball Card is derived from the fact that it actually exists.
The fact that someone is arguing that 'The Baseball Card' is not materially different from 'a number' is really an interesting cultural phenom.
- highfrequency 5y agoIt is a small leap. The balance in your bank account is also a number without a physical presence. It has value because you can convert it to physical goods. The same is true of a Bitcoin balance.
- jollybean 5y agoCurrency is a contract, it's inherently intangible. Bitcoin is not a currency, and it's not used for anything, so it's a really just a number, that someone may speculatively want to pay money for, due to the fact a small number of other people will pay for it, but unless there's a more broad acceptance of it, the implied value will also fade. If NFT's implied ownership of the Baseball card itself, I think this would be another thing altogether.
- eric_cc 5y ago> Bitcoin is not a currency, and it's not used for anything Is that so? I just tipped bitcoin to a twitter account I enjoy (using lightning network). Keep lying to yourself..