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Bad comparison in my opinion, BitCoins can be stolen (taken away and become unrecoverable) whilst your project you've been working on is recoverable. Also the

Bad comparison in my opinion, BitCoins can be stolen (taken away and become unrecoverable) whilst your project you've been working on is recoverable. Also the value something is worth is what someone else will pay for it. You can't value a project you're working on as your hourly rate * hours worked, it doesn't really work like that.

darklajid 15y ago
1) Recoverable: Only if I have backups (which I excluded in my comparison, and would be a fault on my side. But go with me here..). Otherwise I'd need to invest (see the word I used here?) time to create it from scratch. That's equivalent to an amount of money (the exact amount is hard to define, granted). 2) 'You can't value a project you're working on as your hourly rate * hours worked, it doesn't really work like that.' Right. But it's totally okay to value ~worthless~ stuff you have according to market rates, although you didn't sell them yet? Why are we talking about ~12k USD here? That's just a couple of bits and bytes on a disk. Yes, he _could've sold_ that at a specific time for a specific amount equaling ~12k USD. He didn't. Why do you assign this value to a highly fluctuating 'currency' on your disk, but don't like me assigning value to a 'yet to be successful' project on disk?
- TomGullen 15y ago
  Point 1 isn't really debatable in my opinion, you make work, you back it up and if someone deletes it off your server you just move it back on. Bitcoins by design don't allow you to recover them. Point 2, back in the day when currency was backed by gold reserves would you have said the coins and notes people had were also worthless? As they are not 'sold' yet into gold? Also I don't say a project on your disk has no value, a project on your disk has worth, the amount it's worth is how much someone will pay for it. Because the project on your disk doesn't really abide by any fixed standards you will probably find it's quite difficult to sell it.

darklajid 15y ago

1) Recoverable: Only if I have backups (which I excluded in my comparison, and would be a fault on my side. But go with me here..). Otherwise I'd need to invest (see the word I used here?) time to create it from scratch. That's equivalent to an amount of money (the exact amount is hard to define, granted). 2) 'You can't value a project you're working on as your hourly rate * hours worked, it doesn't really work like that.' Right. But it's totally okay to value ~worthless~ stuff you have according to market rates, although you didn't sell them yet? Why are we talking about ~12k USD here? That's just a couple of bits and bytes on a disk. Yes, he _could've sold_ that at a specific time for a specific amount equaling ~12k USD. He didn't. Why do you assign this value to a highly fluctuating 'currency' on your disk, but don't like me assigning value to a 'yet to be successful' project on disk?

TomGullen 15y ago
Point 1 isn't really debatable in my opinion, you make work, you back it up and if someone deletes it off your server you just move it back on. Bitcoins by design don't allow you to recover them. Point 2, back in the day when currency was backed by gold reserves would you have said the coins and notes people had were also worthless? As they are not 'sold' yet into gold? Also I don't say a project on your disk has no value, a project on your disk has worth, the amount it's worth is how much someone will pay for it. Because the project on your disk doesn't really abide by any fixed standards you will probably find it's quite difficult to sell it.