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Someone forgot to read Marx. Money is both a means of transfer and a store of value. The reason for those conditional properties in crypto (secure and efficien
by Atlas667 4y ago
Someone forgot to read Marx.
Money is both a means of transfer and a store of value. The reason for those conditional properties in crypto (secure and efficient but not valuable) is because currencies have value embedded in them, it is an abstract presentation of value, it abstracts work. In this case, hash power.
Real paper money and its digital representation, like the USD, is also proof of work currency, in this casw, human power. And it's distribution evidences exploitation, not effort.