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RE: Stop Hoarding

in LeoFinancelast year

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Warren Buffet famously once said:

Price is what you pay, value is what you get.

The way I see it you're wrong for two reasons.

  1. You assume value can only be measured in currency.

  2. The original premise is that value is never created or destroyed, only transferred. It is very easy to come up with examples of how value does indeed get created or destroyed.

Do you really believe that 100% of Bitcoin's value was simply extracted from fiat currency? Value is created through work being done. I take a canvas and oil paint worth less than $100 and turn it into a painting worth a million. I take iron from the earth and forge it into a steel sword. The value comes from people creating value out of thin air with their time and labor.

This concept of PvP zero-sum game competitive markets is a derivative sideshow. Poor people today have access to more value than the richest people of 2000 years ago. These are not novel concepts. Just look at that people who literally died of a bacterial infection because they didn't have access to antibiotics. Now they take a magic pill and the potentially life-threatening problem just vanishes without a trace. Technology creates value in abundance.