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I see your point. I guess I just think it's insufficient that it has some use value, for it to be called a good instead of money. My point is that they are main
by runeks 13y ago
I see your point. I guess I just think it's insufficient that it has some use value, for it to be called a good instead of money. My point is that they are mainly (almost entirely) money.
I mean, US dollar bills can also be stacked together and lit on fire, thereby having use value as firewood, or you can write notes on them, making them a notepad, but they are still money because their exchange value completely dwarfs their tiny use value (if one can quantify such things).
I'd argue bitcoin falls into the same category.