Precisely - having a small, but real barrier to entry drama…
Precisely - having a small, but real barrier to entry dramatically boosts signal to noise...
This is the secret to why miners/archival nodes will keep all data ever posted to Bitcoin - the transaction fee is a signal of value, not noise.
https://twetch.app/t/35b9012b30e4ff7e70829b1d74222fed2b8e9dac4bdada2e1a2365af346620eb
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If people really started understanding this, their entire understanding of the long term development of the data on chain model would practically pop into existence overnight.
Bitcoin is an immutable store of value, and not how BTC fools think it is.
There will always be a few of us(like me) that think they are posting useful stuff while just wasting your time.
Yeah, but you just got paid for it 🤷♂️✍👍
Value is subjective. You can post whatever you want, and so long as you're relatively consistent (you create a reputation around yourself,) you will find an audience who values what you have to say.
So, you may waste my time, but not others' time.
And, if anyone thinks something is valuable, then there is demand on some level for it. In a non-localized information economy, that is all you need to find some audience, with the proper sorting/search tools and incentives to use them.
There is limitations to capitalistic content. There is always someone willing to pay for stuff they don't need.
Define "capitalistic content".
I don't see what I post here as "capitalistic" despite my appreciation for profiting when I post, and my econ heavy subject matter which is incredibly "capitalistic" in many ways.
So, I'm not sure I understand your point.
Not a targeted attack my friend. I am putting it out there as legitimate argument that capitalistic value is not always total value.
I didn't take it as an attack, and I don't think you understand what I mean by value... "Capitalistic value" is a subset of "value," and I don't even know what you specifically mean by it... Which is why I asked you to define "capitalistic content."
I intended the capitalistic value to mean the total amount accrued on a given value.
Total amount of what, accrued how, and how do you define "a given value"?
I'm asking these questions because I have a feeling you are operating on very different definitions of terms than I am, and I am seeking to understand your position.
Given SUBJECT bernie sanders, the VALUE accrued to date appears to be 18.2 million. His capitalistic value today on running for president is : 18.2 million
18.2 million... what? Dollars? From what figures? His campaign donations?
I don't believe dollars are a measurement of value.
In fact, I don't believe you *can* measure value, though there can be "more" or "less" value. Ordinal, not cardinal.
Of course there is no way to negotiate an equal footing if we use different terms. I value your opinion but it does not good if I don't understand what you meant.
You can definitely measure accrued capitalistic value at a specific time.
I intended capitalistic to mean other values other than wealth in a denomination are not included. Anyway I think the intentions might be lost on this.
Precisely - we must understand each other to proceed effectively and to each other's benefit.
I've got to get going here, but I'd direct you towards the Austrian Economics literature on "value" to better understand what I mean.
Value, no, not in the way I use the term (and there are deep philosophical reasons for how I use it.)
Profits, on the other hand, as well as cost and revenue, can certainly be measured. I believe these are what you are talking about.
Anyways, I'm off for now. G'night!
I believe I understand what you're saying. See "profit," "loss," "cost," and "revenue" for examples.
And I'm off for the night, officially now. No more responding. G'night!