Post
Topic
Board Economics
Re: Why Bitcoin will collapse in price.
by
deisik
on 09/12/2013, 23:56:42 UTC
Stop with the intrinsic value bullshit. Cant you see it? Our value judgements are to a certain extend unalterable. We always want water and we always want food as we depend on these things for survival. Again for every thing I can list some use case.

Have you ever heard about the law of marginal utility? If you are thirsty and hungry at the same time, then a bottle of water will be more valuable to you than any food, but once you have satisfied your thirst, you would be happy to exchange a second bottle of water for some food. How can this ever be possible if our value judgments were hard to change? If you had a million bottles of water, then what value would they be to you?