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I would like to create this page, describing bitcoin in an easy manner. | I would like to create this page, describing bitcoin in an easy manner. | ||
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"These bitcoins are valuable because they require the spending of real resources (CPU time and electricity) to produce," | |||
this seems to me the cost-theory of value, which is a fallacy. Digging holes in the ground requires spending of resources too. | |||
Revision as of 17:10, 4 April 2011
I would like to create this page, describing bitcoin in an easy manner. ---
"These bitcoins are valuable because they require the spending of real resources (CPU time and electricity) to produce,"
this seems to me the cost-theory of value, which is a fallacy. Digging holes in the ground requires spending of resources too.