This will be along series about economic value and how Bitcoin, whatever it truly is, fits into the being a "store of value" over being a decentralized frictionless low cost transaction medium.
Excellent facts; well researched with attributions. Thank you. However, the pic doesn't do your article justice. Bitcoin is, of course, invisible. Furthermore, in my 50 years of experience with livestock, the representation of bovine excrement is simply wrong. I do not wish to be overly critical, but when both aspects of the image are inaccurate, reduces the credibility of the whole - pictures being worth a thousand words, as they say.
More is coming. Thank you for your kind words. What I will mention in the next post is that my point about cow manure is that every part of the physical universe was valuable and included in market price calculations during the time of the founders. What has happened over time is a separation between the physical universe and physical labor and the definition of money and of currency. I will even include an aside about my late father, who dealt in cow manure early in his entrepreneurial career. I have multiple issues hitting me this week, but I will return to the desk as soon as possible.
Excellent facts; well researched with attributions. Thank you. However, the pic doesn't do your article justice. Bitcoin is, of course, invisible. Furthermore, in my 50 years of experience with livestock, the representation of bovine excrement is simply wrong. I do not wish to be overly critical, but when both aspects of the image are inaccurate, reduces the credibility of the whole - pictures being worth a thousand words, as they say.
More is coming. Thank you for your kind words. What I will mention in the next post is that my point about cow manure is that every part of the physical universe was valuable and included in market price calculations during the time of the founders. What has happened over time is a separation between the physical universe and physical labor and the definition of money and of currency. I will even include an aside about my late father, who dealt in cow manure early in his entrepreneurial career. I have multiple issues hitting me this week, but I will return to the desk as soon as possible.
Excellent David, fascinating history and I look forward to your series. I hope your surgery was successful! Happy New Year!!
Happy New Year to you as well Charlotte!