Value is thus nothing inherent in goods, no property of them, nor an independent thing existing by itself. It is a judgment economizing men make about the importance of the goods at their disposal for the maintenance of their lives and well-being. Hence value does not exist outside the consciousness of men.

—Carl Menger

#Bitcoin has no real world value? I give it value. The millions of hodlers give it value. The concept of value is completely subjective. We can let them think that it’s worthless though, it only helps us stack more in the meantime.

Reply to this note

Please Login to reply.

Discussion

No replies yet.