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JLwithdraw.

11,672 Posts.

19/09/17

14:58

Post #: 27318564
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Originally posted by tigmeister ↑

What does value represent? It's only claims to labour? Why does automation lower the costs of a commodity? Because value is created by labour. So how do you reckon that bitcoin can come to be a representation of a society's labour power? For that is what capital is.

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Where's the argument for Nth Korea printing truck loads of Dollars?

And if people are prepared to accept dirty underpants in exchange for goods that's the way it is. You can argue all you like.

Bitcoin is a bi product of the Blockchain the fairest system since the Gold Standard and a fairer one!
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