Is there such a thing as absolute value?

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Bitcoin Forum > Economy > Economics > Is there such a thing as absolute value?

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Topic: Is there such a thing as absolute value? (Read 8077 times)

hugolp

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Re: Is there such a thing as absolute value?

June 26, 2011, 06:20:39 AM

#61

Quote from: bitcoin.monger on June 26, 2011, 06:14:41 AM

what about TIME as absolute value? we never have enough of it, and please don't get einsteinian on me with speed'n'stuff Grin

Grin

How is time valuable outside of some human deciding its valuable?

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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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bitcoin.monger

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Re: Is there such a thing as absolute value?

June 26, 2011, 06:31:34 AM

#62

hm... yeah. Grin

Grin

so it's all relative? Grin

Grin

hugolp

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Re: Is there such a thing as absolute value?

June 26, 2011, 06:32:33 AM

#63

Quote from: bitcoin.monger on June 26, 2011, 06:31:34 AM

hm... yeah. Grin

Grin

so it's all relative? Grin

Grin

I dont know if all is relative, but certainly value is relative.

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The Radix DeFi Protocol is
R A D I X

███████████████████████████████████

The Decentralized

Finance Protocol

Scalable

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██ ██ ██ ██ ██ ████████████████ ██ ██ ██ ██ ██ ██ ██ ██▄▄▄▄▄▄ ██ ██ ██▀▀▀▀██ ██ ██ ██ ██ ██ ██ ██ ██ ███████████████████████

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███

Radix is using our significant technology
innovations to be the first layer 1 protocol
specifically built to serve the rapidly growing DeFi.

Radix is the future of DeFi

█████████████████████████████████████

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Re: Is there such a thing as absolute value?

June 26, 2011, 03:45:58 PM

#64

+1

asdf

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Re: Is there such a thing as absolute value?

June 27, 2011, 09:03:14 AM

#65

austrian school on this:
http://www.youtube.com/watch?v=ZQn6W3WwF6g

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