Quote from: BillyBobZorton on May 04, 2015, 02:57:32 PM

Quote from: Erdogan on May 03, 2015, 10:15:37 AM

Quote from: deisik on May 03, 2015, 10:10:52 AM

Quote from: Erdogan on May 03, 2015, 10:04:19 AM

Quote from: BTCevo on May 03, 2015, 08:42:43 AM

Quote from: Erdogan on May 01, 2015, 02:46:23 AM

Money is pure value.

Yes money is a pure value, but it is for now. So later after bitcoin have affected they surely money will slowly replace by bitcoin then it will affect all world to use this kind of payment. Just wait for that time to booming then all people will be affected where the new era is coming

There is a common misconception that money is not value, because it can not be eaten etc. But, all value is one individual's preference for one thing over another, which includes money. Therefore, money is value just like other things.

I agree that value is subjective, means utility and can be compared on the basis of an individual's preference of one thing over another. But I don't agree that money can be judged that simple. One of the fundamentals of the subjective value theory that you make reference to here is the notion of diminishing marginal utility. Money apparently doesn't conform to this notion, which can be explained only by the fact that money doesn't possess value per se. It is just an intermediary for things that can be bought with it...

False again. Money is value, the proof is that some person at some point prefers the money to the thing. This happens every time someone sells something or a service. In a money economy, it in fact happens every time a trade is done, so it is exactly as common as a non-money transfer. A trade is normally a good or service one way, and money the other way.

Money is value but at a global level... namely, you may think something is absolutely worth shit nothing, but the market dictates that it's worth 1000 (example: some dodgy painting by one of those high cache abstract painters).
So it's not "pure value", it's perceived value, and a lot of the times the markets are trigged anyway, so it's not a pure "global conscience value", it's a rigged one.

It is pure value, in the sense that you can not point to anything in particular it can do for you directly.

Take all things you can think of, that has value, together, and try to remove the particulars, and extract what the things have in common. You can think of that also as pure value.