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0 sats \ 1 reply \ @kepford 14h \ on: What bitcoin taught me: Value is not subjective econ
What would you say to this statement.
Object value exists but humans have to discover it. It is not known.
This is how I view bitcoin. It has objective value now but it is not realized by the market due to ignorance. Price is one way we measure value today and prices need to be discovered. They don't just pop out for us to see as individuals.
The problem with objective value is that it is highly subjective to time and other things. If suddenly a superior element were discovered that trumped gold for example would this change gold's "objective" value?
The criteria are known, and in fact they have been denied, because one of the criteria is "no third party" (independence, sovereignty). That's not simply my preference, it's an objective criteria of value. At best I might prioritise it over one or more of the other 3 criteria.
And there aren't 3 or 7 or 89 criteria, people can't add any or remove any. They were permanent pillars, embedded in reality itself.
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