Quote from: The Script on April 21, 2011, 08:42:09 AM

Quote from: Gluskab on April 16, 2011, 08:38:11 AM

Quote from: steelhouse on April 16, 2011, 08:33:23 AM

Quote from: Gluskab on April 16, 2011, 08:28:17 AM

What's labor value, and why do I value it?

It is work, commodity based money like gold retains its value because it is rare and recognized as money. It is also fiat, but can act alone as a bitcoin type currency. Labor on matter is wealth and money involves trade between two forms of wealth.

Is all labor on all matter wealth?

Of course. I've pioneered a new way to get filthy rich: I dig holes in my yard and fill them back up. Too bad you suckers didn't think of that first, eh? BTW, because of IP, if any of you copy this idea I expect to be paid in BTC.

nice