Bitcoin

hmg

hmg

Victory lap
IdleRich said:
But it has no intrinsic value. I mean if civilisation collapsed bitcoin would be gone, dollars etc would pretty much be gone - depending on the extent of the collapse, and gold would still have some value as a physical object, although it's not the most useful metal of course
Click to expand...

It'd would be hard to completely erase bitcoin. Besides, life had no intrinsic value from the point of view of a dumb, dead rock. Now it's the only show.
 
hmg

hmg

Victory lap
Barter is irrelevant. Trade is important. Your ship full of leather sails to Basra and returns to Bombay full of wool. Both parties are satisfied. No money has changed hands. Maybe a little gold for buying shawarmas and lodgings in the port.
 
IdleRich

IdleRich

IdleRich
But precious/useful metals are higher on the "intrinsically useful scale" than bitcoin. I think that's inarguable but you don't have to take it personally. I'm broadly in favour of bitcoin overall, I'm just saying that there are some ways in which other things might prove to be more robust.
 
hmg

hmg

Victory lap
IdleRich said:
But precious/useful metals are higher on the "intrinsically useful scale" than bitcoin. I think that's inarguable but you don't have to take it personally. I'm broadly in favour of bitcoin overall, I'm just saying that there are some ways in which other things might prove to be more robust.
Click to expand...
It's more a store of value than a store of use, certainly. But more uses than we can imagine will be found for it. Faraday didn't foresee the Internet, but that's where a giant share of electricity goes 200 years later. I see bitcoin as that sort of phenomenon.
 
Mr. Tea

Mr. Tea

Let's Talk About Ceps
Murphy

Murphy

cat malogen
Mr. Tea said:
Standardised proto-money from over 4,000 years ago!

www.dw.com

Archaeological discovery: First common currency in Europe | DW | 22.01.2021

Standardized by shape and weight: 5,000 years ago, people used rings, bangles and axe blades as an early form of money.
www.dw.com www.dw.com
Click to expand...

And marriage exchanges.

Add livestock in the context of conspicuous consumption (Gobekli Tepe) which transformed hunter gatherers into farmers with tethered mobility (Catalhoyuk). The conversion was underpinned by ideology, not formal economics. Lithics were wealth as portable technology/material culture, axes the pre-eminent mode for durability. So you have the control of stone quarries, their workings and refinements, then their networks of exchange. As old as humans.
 
hmg

hmg

Victory lap
WashYourHands said:
And marriage exchanges.

Add livestock in the context of conspicuous consumption (Gobekli Tepe) which transformed hunter gatherers into farmers with tethered mobility (Catalhoyuk). The conversion was underpinned by ideology, not formal economics. Lithics were wealth as portable technology/material culture, axes the pre-eminent mode for durability. So you have the control of stone quarries, their workings and refinements, then their networks of exchange. As old as humans.
Click to expand...
Humans have been around 200,000 years. Gobekli tepe was inhabited around 14,000 years ago, I'm guessing. There was a lot of free and easy wandering around for hundreds of millennia before that.
 
Murphy

Murphy

cat malogen
Agree partially but the Palaeolithic doesn’t extend back 200k. Cognitive development requires a subconscious to have existed for millennia before language and culture developed. The conversion into something tangibly modern was a by-product of ideological practices, ie feasting around specific sites in the Middle East (see Ian Hodder). Agriculture was accidental.

For a deeper chronology see points about stone and marriage exchange. Take my wife, please, to quote Henny Youngman.
 
luka

luka

Well-known member
ok. but there will be a test.

Leading-edge undulations or tubercles of humpback whale flippers have been known as one of biomimetic technologies adaptable to flow control of aerofoils, particularly at post stall conditions. These leading-edge undulations are also known to reduce noise resulting from an interaction with on-coming turbulence.
 
C

catalog

Well-known member
What does it mean to lump on eth? Does it mean buying more ethereum? Or selling it? Or doing something else with it?
 
You must log in or register to reply here.
Top