Quote from: picollo7 on May 26, 2011, 06:03:09 PM

Quote from: Insti on May 26, 2011, 05:56:51 PM

Quote from: picollo7 on May 26, 2011, 05:17:29 PM

Quote from: kjj on May 26, 2011, 05:03:26 PM

Tell me how exchanging my work for dollars creates dollars (or at least gives them value, somehow) while exchanging my work for bitcoins does not.

... Your challenge is easily explainable if you understand the facts,

I'm also interested in the answer to this question, could you please list the facts that explain your answer?
Thanks.

This is the complete OPPOSITE of what I said. Again, they both are the same thing, your value for a dollar is what you input to earn it, just like your value for a BTC is what you input to earn it. He is making an argument for argument's sake, not out of an attempt to understand.

Why isn't the value of the dollar the value that the Bureau of Printing and Engraving puts into it? Why is it valued by the user instead of the creator? Now tell me why the exact opposite is true for bitcoins? Why is one currency valued at production cost while the other is valued at exchange cost?