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"As the subjective theory of value (STV) is false" Here's simple counter-argument. Gold was chemically always the same all these years. But it was valued diff
by oleganza 13y ago
"As the subjective theory of value (STV) is false"
Here's simple counter-argument.
Gold was chemically always the same all these years. But it was valued differently in different places on earth and in different times. When you are in a post-war destruction, your gold may be worth less than a loaf of bread. Or not, depending on how you see your future.
Apart from moving units, Bitcoin is good for things like secure timestamping and mutual fund locking without counter-party risk. No other technology or commodity can do that.
http://blog.oleganza.com/post/52237596486/today-ive-timestamped-my-secret-source-code-with http://blog.oleganza.com/post/52237596486/today-ive-timestam...
http://blog.oleganza.com/post/58240549599/contracts-without-trust-or-third-parties http://blog.oleganza.com/post/58240549599/contracts-without-...