Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Erdogan
on 14/07/2015, 01:05:44 UTC

Economics has a practical definition of intrinsic value, which very different from the arguments philosophers use.

Economics has an impractical definition of intrinsic value that leads to all sorts of wrong conclusions.

I'm not just being obtuse, I'm explaining what's wrong in the thinking.


You have explained nothing, you seem to be fixated on the word intrinsic, and refuse to discuss what it is. In fact you got this right in a previous post: Gold's utility value is pretty low and its current price is mostly speculative.

By refusing to use the tools of the trade (the words, in this case), you at the same time refuse insight. It is common, but bad.