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Saying that value is subjective is tautological, it's like saying pretty girls are pretty. What's the base case of the recursion? With stock certificates, you h
by rrrrtttt 14y ago
Saying that value is subjective is tautological, it's like saying pretty girls are pretty. What's the base case of the recursion? With stock certificates, you have expectations of future dividends. With stamps, they're nice to look at. What do you have with Bitcoin?
- Ntrails 14y agoStamps are only nice to look at for some people. The only reason I would buy a stamp would be to sell on again at an expected profit later on. The value today comes from the expectation of future value, based on something as subjective as the opinions of a subset of society.
- pessimizer 14y agoYou can avoid taxes, tracking, and buy drugs with it.
- jstalin 14y agoNice to look at, for some people. Many couldn't care less. Of course, it's subjective. Bitcoins have value for some because those people value bitcoins over other things, like US dollars. It's a subjective value judgment why anyone trades one thing (dollars) for anything else (stamps, bitcoins, diamonds).