freddms on Nostr: Bitcoin backed by largest computer, but really it's just the largest energy plant in ...
Bitcoin backed by largest computer, but really it's just the largest energy plant in the world. Which is what we WANT to store OUR work/energy in life! This is so fundamental - it should be taught in schools!
I worked in the Utility industry for 40 years and I was a master at justifying projects through intrinsic value. I could show you or regulators how a totally worthless project worth 10's of millions actually had value (intrinsic of course). It took me 30 years to realize 'intrinsic value' is a hoax. Literally there is no intrinsic value in anything. It's a totally fabricated term by fiat economist to TRY and add value to something that HAS NO VALUE! It's been used to misdirect capital to the point we don't know what is true or false anymore.
Intrinsic value at the top of the list for biggest lies ever told.
I worked in the Utility industry for 40 years and I was a master at justifying projects through intrinsic value. I could show you or regulators how a totally worthless project worth 10's of millions actually had value (intrinsic of course). It took me 30 years to realize 'intrinsic value' is a hoax. Literally there is no intrinsic value in anything. It's a totally fabricated term by fiat economist to TRY and add value to something that HAS NO VALUE! It's been used to misdirect capital to the point we don't know what is true or false anymore.
Intrinsic value at the top of the list for biggest lies ever told.