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How is that not an answer to the question you posed about crypto?
by baggy_trough 5y ago
How is that not an answer to the question you posed about crypto?
- stillbourne 5y agoLabor has no value?
- baggy_trough 5y agoDo you mean, it took more labor to create the hundred dollar bill? In any case, my point is that the value comes from the societal relationships that invest the asset with value, not the physical nature of it.
- stillbourne 5y ago> Do you mean, it took more labor to create the hundred dollar bill? No, I mean the labor of the workforce of the nation.