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A comment on Cryptocurrency Is a Giant Ponzi Scheme. Parent comment

Re:Cryptocurrency Is a Giant Ponzi Scheme by stillbourne on Friday January 21, 2022 @04:04PM (#30029974)
Labor has no value?
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Re:Cryptocurrency Is a Giant Ponzi Scheme by baggy_trough on Friday January 21, 2022 @07:18PM (#30031706)
Do you mean, it took more labor to create the hundred dollar bill?

In any case, my point is that the value comes from the societal relationships that invest the asset with value, not the physical nature of it.

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Re:Cryptocurrency Is a Giant Ponzi Scheme by stillbourne on Friday January 21, 2022 @08:33PM (#30032226)
> Do you mean, it took more labor to create the hundred dollar bill?

No, I mean the labor of the workforce of the nation.

[ Parent | on HN ]