Bitcoin Forum
August 22, 2018, 08:00:25 AM
 News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 Home Help Search Donate Login Register
 Pages: 1 [2]  All
 Author Topic: Intrinsic Value  (Read 3160 times)
Richy_T
Legendary

Offline

Activity: 1344
Merit: 1000

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

 October 19, 2012, 12:20:43 AM

Even that is not completely clear. What is this "intrinsic value" of a peanut butter sandwich and milk to someone who is lactose intolerant and has wheat and nut allergies?
If intrinsic value for food was measured in terms of calories that's a property that is constant regardless of any allergies or intolerances the eater might have, or for that matter what species is eating the food.

A person with a nut allergy might very well eat a peanut butter sandwich if the consequences of not injesting the calories were worse than the symptoms of their allergy.

"Might"? We were talking about intrinsic value, not subjective or possible value. And by your definition, a gallon of gas is pretty good eating.

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
1534924825
Hero Member

Offline

Posts: 1534924825

Ignore
 1534924825

1534924825
 Report to moderator
1534924825
Hero Member

Offline

Posts: 1534924825

Ignore
 1534924825

1534924825
 Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1534924825
Hero Member

Offline

Posts: 1534924825

Ignore
 1534924825

1534924825
 Report to moderator
1534924825
Hero Member

Offline

Posts: 1534924825

Ignore
 1534924825

1534924825
 Report to moderator
Richy_T
Legendary

Offline

Activity: 1344
Merit: 1000

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

 October 19, 2012, 12:26:15 AM

I guess an example of intrinsic value is that 1000g of gold would provide a fairly compact 1kg of mass. Now how much value a compact 1kg of mass has? That's another story.

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
johnyj
Legendary

Offline

Activity: 1848
Merit: 1000

Beyond Imagination

 October 19, 2012, 10:24:18 PM

Environment has big influence. Take air for example, on this planet, supply is aboundant, it worth almost nothing, but on the moon, a can of compressed air can worth a lot

 Pages: 1 [2]  All