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Author Topic: Intrinsic Value  (Read 3282 times)
Richy_T
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October 19, 2012, 12:20:43 AM
 #21

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.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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October 19, 2012, 12:26:15 AM
 #22

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.

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October 19, 2012, 10:24:18 PM
 #23

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

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