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Nothing has intrinsic value.
Well, I think living human beings have intrinsic value, at least.
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> Nothing has intrinsic value. I think what you are actually saying is that "intrinsic value" is actually meaningless. If "intrinsic value" is actually a meaningful statement about something (even if you believe that nothing has that quality), then I think we can indeed find things that have it, which disproves your statement in the first place. The first definition of "value" that I found is "the regard that somethi…
>I think what you are actually saying is that "intrinsic value" is actually meaningless. No, I mean exactly what I said. Nothing has intrinsic value, ever. >Therefore I propose a definition of "intrinsic value": something that all entities to whom "value" has meaning universally believe has that quality. For example, oxygen. If I already have many lifetimes' worth of oxygen for my breathing apparatus, I might have no…
And yet, clearly you value oxygen enough to stock up many lifetime's worth of it - a testament to its intrinsic value.
> Maybe the beings in question are some sort of alien life form that live in volcanos and breathe nitrous oxide.
You have no evidence that such beings exist, however - so this is purely hypothetical.
On giving this more thought, however, perhaps objects or substances are too simple to consider from the perspective of intrinsic value. So how about something completely different, such as wisdom? Does wisdom have intrinsic value?
Those who do not value it are not wise, and are therefore not qualified to judge whether or not it has intrinsic value...
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>I think what you are actually saying is that "intrinsic value" is actually meaningless. No, I mean exactly what I said. Nothing has intrinsic value, ever. >Therefore I propose a definition of "intrinsic value": something that all entities to whom "value" has meaning universally believe has that quality. For example, oxygen. If I already have many lifetimes' worth of oxygen for my breathing apparatus, I might have no…
> If I already have many lifetimes' worth of oxygen for my breathing apparatus, I might have no interest in and place no value upon your stock of oxygen. And yet, clearly you value oxygen enough to stock up many lifetime's worth of it - a testament to its intrinsic value. > Maybe the beings in question are some sort of alien life form that live in volcanos and breathe nitrous oxide. You have no evidence that such bei…
You seem to be partially accepting my argument that "intrinsic value" doesn't exist but trying to win by redefining "things having intrinsic value" as "things necessary to sustain human life". Okay, things that humans need to survive are "intrinsically valuable" to that end but that isn't what we're talking about.
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Except that it's not $150 million of seized assets, it's a bunch of electronic money that could or would at one point potentially sell for approximately $150 million if there were enough buyers for the offered digital product. What does the FBI or other agencies do with intercepted drug money and criminal possessions? Drugs get destroyed, that much I know, but not sure about the other stuff.
Like other seized assets they will get repurposed for other investigations. When the feds seize a boat, car, or home they either sell them or use them for operations, undercover and the like.[0] I imagine the btc will be saved until the case is closed then try to be used for other investigations, I don't think the feds would try converting and selling it. [0] http://www.justice.gov/jmd/afp/02fundreport/02_2.html
So the '324 is FBI on phone handset' comment, is this the FBI transferring $40M from Silk Road wallets to some other wallet? Or is it something else? Also one wonders what is done with the 'evidence' after the case. I could imagine the FBI simply deleting the wallets but does anyone know their actual policy?
Interesting. What's $40MM in bitcoin? I ask because most of these articles are trying to shock you with the exchange value rather than the BTC value.
How is it any different from "one ton of gold" versus "$40 million in gold"? Surely the latter provides more useful information to the general public?
Interesting. What's $40MM in bitcoin? I ask because most of these articles are trying to shock you with the exchange value rather than the BTC value.