Jordan on Nostr: Can we agree that number 3 is a valid definition of value? ...
Can we agree that number 3 is a valid definition of value?
Yes, value can be subjective, and the subjective aspects of value are measured in price.
I have read Austrian theory, and heavily lean towards it, however, I would say I'm closer to Chicago as it seems more practical, and realistic, Austrianism is idealism, and I agree with that ideal but I don't think we'll feasibly achieve that ideal in our lifetimes but we should build up the infrastructure for an Austrian principle.
To me, Bitcoin is Both Money, and Currency, lightning to me is more like of a type of collaterized credit that functions like a currency, or as you say coupon, it's a proxy for Bitcoin in the lightning network, and only becomes actual money once finalized on the blockchain with the channel closing.
Monero can be audited albeit much more difficult than conventional currencies.
Yes, value can be subjective, and the subjective aspects of value are measured in price.
I have read Austrian theory, and heavily lean towards it, however, I would say I'm closer to Chicago as it seems more practical, and realistic, Austrianism is idealism, and I agree with that ideal but I don't think we'll feasibly achieve that ideal in our lifetimes but we should build up the infrastructure for an Austrian principle.
To me, Bitcoin is Both Money, and Currency, lightning to me is more like of a type of collaterized credit that functions like a currency, or as you say coupon, it's a proxy for Bitcoin in the lightning network, and only becomes actual money once finalized on the blockchain with the channel closing.
Monero can be audited albeit much more difficult than conventional currencies.