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If our Species is to survive, then we need objects that carry with them intrinsic value, meaning they do not depend upon another item to have value. They have value in and of themselves.

In order to determine if an object has intrinsic value, it must meet at least one of these criteria...

1. Can the object nourish us?

2. Can the object shelter us?

3. Can the object protect us from harm?

Bitcoin meets criteria number 3. It is the best and most effective way to protect us from the evils of government fiat and the exploitation of our spent energy.

Stack Sats to protect your future.

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Discussion

a289ef66... 1y ago

Actually no. Value is subjective. That is the basis of Austrian theory. Intrinsic value theory is a Marxist psyop.

FreeAsAbove 1y ago

Interesting comment.

1. I did not say value was not subjective. Extrinsic value opens the opportunity for subjectivity.

2. Intrinsic value is based on the sustaining of human life on this planet. Since we wish to survive that then produces a need for us as humans. The need has to be fulfilled for survival and some objects satisfy that need in and of themselves. These objects then have value in the intrinsic sense.

3. Praxeology is a real and fundamental force of Free Will and the Free Markets and necessitates subjectivity for it to be understood as a phenomena of human action, as the choice of how, when, and where I spend my resources is up to me and my free will choices -- subjectivity.

4. Both intrinsic and extrinsic value exist and work side by side.

a289ef66... 1y ago

🫡

ede3d957... 1y ago

I'd argue that Monero is better at 3. As BTC only focuses on an inflation hedge.