81–90 of 103 posts
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Wealth protection against all the statists fiat currency schemes.
How do you deal with the notion of private property as a non-statist?
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I’ve heard this metaphor lots and find it super confusing. The price of art is still based on something - some art looks nice, or was made by someone famous.
I can get an exact copy of a piece of artwork, say the Mona Lisa, for like $20. It will look identical, maybe another $50 for a nice frame. What you are seeing is identical. The art market is not buying and selling pieces of artwork. It is for obfuscating money. Where the money came from, where and who the money is going to, how much is owed to or hidden from governments. Art is expensive because it makes it easier t…
maybe a better analogy would be a famous photograph like the rhein 2
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I can get an exact copy of a piece of artwork, say the Mona Lisa, for like $20. It will look identical, maybe another $50 for a nice frame. What you are seeing is identical. The art market is not buying and selling pieces of artwork. It is for obfuscating money. Where the money came from, where and who the money is going to, how much is owed to or hidden from governments. Art is expensive because it makes it easier t…
in the exact case of the mona lisa, anyone could tell the difference because the real thing has noticeable texture and yours would just be a poster. maybe a better analogy would be a famous photograph like the rhein 2
https://www.designtoscano.com/products/mona-lisa-classic-art...
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That's more or less like saying dollars aren't fungible because you can check the serial number on a bill to see if it matches one that was reported stolen.
You're correct about being able to match serial numbers, but they are still nowhere near being in the same league. A stranger across the world can't track your physical currency in real time. Whenever serial numbers are checked (if it ever is), the tracker just knows that bill was at that spot at that time, they don't know how many times it was exchanged or where it was since it was last tracked. With BTC, anyone can…
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I can get an exact copy of a piece of artwork, say the Mona Lisa, for like $20. It will look identical, maybe another $50 for a nice frame. What you are seeing is identical. The art market is not buying and selling pieces of artwork. It is for obfuscating money. Where the money came from, where and who the money is going to, how much is owed to or hidden from governments. Art is expensive because it makes it easier t…
in the exact case of the mona lisa, anyone could tell the difference because the real thing has noticeable texture and yours would just be a poster. maybe a better analogy would be a famous photograph like the rhein 2
But either way, this doesn't distract from the main thrust of my point. Art is expensive for Money reasons, not art reasons.
https://www.youtube.com/watch?v=ZZ3F3zWiEmc https://www.youtube.com/watch?v=V5sOuET8UWA
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in the exact case of the mona lisa, anyone could tell the difference because the real thing has noticeable texture and yours would just be a poster. maybe a better analogy would be a famous photograph like the rhein 2
I mean you are right, but that texture is doing a lot of work, since the Mona Lisa is about $850 million, and my solution is $0.0001 million, and indistinguishable at 15 meters. But either way, this doesn't distract from the main thrust of my point. Art is expensive for Money reasons, not art reasons. https://www.youtube.com/watch?v=ZZ3F3zWiEmc https://www.youtube.com/watch?v=V5sOuET8UWA
While it's still debatable whether crypto currencies are pure speculation vs. the new "gold" vs. a new currency that will kill the national ones - As a philosophical idea, can we at least agree that the inherent value of Bitcoin and the fundamental reason some people invest in it is... the beauty of mathematics?
While it's still debatable whether crypto currencies are pure speculation vs. the new "gold" vs. a new currency that will kill the national ones - As a philosophical idea, can we at least agree that the inherent value of Bitcoin and the fundamental reason some people invest in it is... the beauty of mathematics?
Bitcoin is full of ugly warts though. While some other coins featuring much more beauty (simplicity and elegance) are near worthless.
Furthermore, most people speculating on bitcoin have a very limited understanding of the mathematics underlying bitcoin...