Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

The worth of "food, water, shelter, medicine, socialization", financial instruments (including cryptocurrencies) depends on context. For instance water might be extremely precious in some situations (if you're dying of thirst), and have zero, or even negative value in others (like during a flood, because you want to get rid of excess water, even if if by some miracle it happened to stay pure). Hence, no "intrinsic" worth.


There's a difference between "can sometimes have negative value" and "can never, ever have any intrinsic worth". You're confusing the two here.

Or, to put it a different way, BTC isn't any less bankrupt because we sometimes grow too much corn. It's a complete non sequitur.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: