Re:Cryptocurrencies are collapsing
by paulgb on Tuesday January 16, 2018 @06:50AM
(#16157499)
This is just the discredited labor theory of value, applied to machines instead of humans.
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Re:Cryptocurrencies are collapsing
by oneeyedpigeon on Tuesday January 16, 2018 @07:07AM
(#16157580)
In other words, I could spend an hour exerting effort and have nothing of value to show for it at the end?
That's obvious... You can work for a year and still get nothing... Because your work has no value in and of itself.
In general things are only as valuable as the "market" is willing to pay for them.
Re:Cryptocurrencies are collapsing
by oneeyedpigeon on Tuesday January 16, 2018 @09:12AM
(#16158243)
> That's obvious
Sure, I was agreeing / checking my understanding was correct :)