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I think that's a perfectly valid argument. And of you have any Miami beachfront property you may as well just gift it to me now as its value is $0, so why pay a
by cm277 5y ago
I think that's a perfectly valid argument. And of you have any Miami beachfront property you may as well just gift it to me now as its value is $0, so why pay any taxes on it?
- civilized 5y agoTaleb responds to this. If you're getting utility out of something today - financial or nonfinancial, tangible or intangible - then it has worth today, regardless of whether it may be worthless in the future. Only goods that both never provide any utility and will eventually be worthless are subject to his argument. BTC seems to have value as a religious talisman if nothing else.