Re:El Salvador to adopt Bitcoin as legal tender
by plankers on Saturday June 05, 2021 @09:22PM
(#27409905)
The beer will always be worth what you paid for it. The money you still have may, however, fluctuate in value.
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Re:El Salvador to adopt Bitcoin as legal tender
by syops on Saturday June 05, 2021 @09:36PM
(#27409969)
It isn't true that something is necessarily worth what one pays for it. This assumption provides for a nice way to model economic transactions but it isn't always true. For instance, life saving heart surgery has a definite cost and it is worth far more to the recipient in some cases than what they pay for it. In the other direction I don't think that the cost of government services is worth what I pay for them since I think the U.S. government squanders far too much money on national defense.