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RE: Stop Hoarding

I believe you are confusing assets with value. A home or crops are assets, what you gave, or received, for those assets is value. I can have a painting worth $1,000,000, but unless I can get someone to give me that value in exchange for it, all I have is an asset, with a perceived worth in value. Value is a socially accepted medium of exchange that is interchangeable with all assets. AKA money, or, something that represents money. Socially accepted values have changed frequently over the centuries. From livestock, to trinkets, to metals, to coins, to paper certificates and now, the hopes of Tokenomics. You, as a vehicle of that value, cannot create it, you can only transfer it. Otherwise, everyone would be millionaires. Though it isn't exactly creation, you CAN Stake a selection of Tokens, which will grant a yield, as interest from the issuer. You can, however, create assets in an attempt to have the value held by others transferred to you. The ideal of Tokenomics hinges on the attempt to replace the value held by fiat and use the Tokens, instead of fiat, however, the truth is that the majority of the time, Tokens simply act as a medium to move fiat (value) from one person to another and that's it. The Token is never utilized as the ideal intended. Thus, value is not created, it only gets transferred. A Token (or cryptocurrency) will never achieve the ideal of being value until it becomes a socially accepted medium of exchange that is interchangeable with all assets. Until then, it is simply an asset, being bought and sold using something determined as value, transferring that value from one person to another.

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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.