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Agreed on this point. Many statists get caught up in the argument about whether or not gold has "intrinsic" value, which is why I like to redirect their focus
by FellowTraveler 13y ago
Agreed on this point.
Many statists get caught up in the argument about whether or not gold has "intrinsic" value, which is why I like to redirect their focus to the concept of substances with unique properties.
Because, whether or not value is "intrinsic", no one can disagree that specific substances have specific properties, and that some substances have properties more likely to be selected as currency by the Invisible Hand, than others.
And thus it becomes undeniable that gold and Bitcoin have quite a bit in common.
- aric 13y agoCertainly. It's always exhausting to explain basic logic to people who grow up believing that gold and the basic legal frameworks they're forced into at birth are some how "divinely" deserving of high demand or of continuation (through circular reasoning). Everything outside the scope of traditional understanding becomes a joke to them.