Post
Topic
Board Economics
Re: Why bitcoin's exchange rate won't drop too much
by
JorgeStolfi
on 16/12/2013, 03:48:22 UTC
Value is subjective and essentially exists all in the mind. It's PSYCHOLOGICAL. If humans believe something to be useful, they create wealth through that perception. It's not a zero sum game and even Kenynesian economics wouldn't claim that the economy works this way.

Well, then, why do people worry so much about the economy?  We can just all change our perception and say that the dollar is worth a thousand euros, and problem is solved.  And and if people who own basebal cards agree to refuse to sell them for less than a quintillion dollars then they can buy the world with one card.