Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
what gives a thing value. Is it utility, is it beauty, is it nostalgia/emotion, is it cultural?
why is a diamond more valuable then medicine. Why is an arsenal win over spurs more valuable to me then $100 but not a $1000.
The Mona Lisa is to me personally worth very little but to an art lover invaluable. It's rare,beautiful has historical emotional value which converts to financial value.
Bitcoin has value because its relatively rare, innovative, has utility and has gained a reasonable amount of trust. Aurora coin has value because it has utility, somewhat rare, speculative value and sentimental value.
What is the most important component for value creation. How would Nem be valuable to people.Sorry I am just daydreaming.
why is a diamond more valuable then medicine. Why is an arsenal win over spurs more valuable to me then $100 but not a $1000.
The Mona Lisa is to me personally worth very little but to an art lover invaluable. It's rare,beautiful has historical emotional value which converts to financial value.
Bitcoin has value because its relatively rare, innovative, has utility and has gained a reasonable amount of trust. Aurora coin has value because it has utility, somewhat rare, speculative value and sentimental value.
What is the most important component for value creation. How would Nem be valuable to people.Sorry I am just daydreaming.
NEM would be valuable because people give it value.
It begs the question, why is anything valuable? The answer is that there is nothing intrinsically valuable about diamond, gold, silver or other precious metals. The idea of 'intrinsic value' is nonsense.