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Digital Currency for Dummies

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  • #61
    Maybe someone brought this up already, but I don't recall. An artist and a businessman may enter into a contract through the Internet for the artist to do illustrations for the businessman's marketing plan. He pays for them with bitcoins. Labor for bitcoins.

    There is no such thing as intrinsic value. Gold may have physical properties, but what value would a lode in the ground have if nobody knows about it? No, value is in the eye of the beholder. Beauty is a kind of value, indeed.
    The greater number of laws . . . , the more thieves . . . there will be. ---- Lao-Tzu

    [T]he truth I’m after and the truth never harmed anyone. What harms us is to persist in self-deceit and ignorance -— Marcus Aurelius, Meditations

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