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... I said "No, I didn't even know he could" 
Ba-tish!
Anything that is unrelated to elephants is irrelephant
Anonymous
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The problem with quotes on the internet is that you can never tell if they're genuine
Winston Churchill, 1944
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Never argue with a fool. Onlookers may not be able to tell the difference.
Mark Twain
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That mental picture is worth a 5. 
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So this happened last night...
Wife: You need to get to the dentist, we don't know what state your teeth are in.
Me: Arizona.
Son (whose teeth are in question): Solid.
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State of despair? 
Anything that is unrelated to elephants is irrelephant
Anonymous
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The problem with quotes on the internet is that you can never tell if they're genuine
Winston Churchill, 1944
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Never argue with a fool. Onlookers may not be able to tell the difference.
Mark Twain
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The problem with cat filters is that it only takes 3 or 4 cats to clog them up and then you have to replace the damned thing.
If you can't laugh at yourself - ask me and I will do it for you.
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You haven't met my cat. He clogs filters by himself.
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Is the lawyer's name Schrodinger by any chance?
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Go to school and finish high school as one of the best in your class.
Attend University for at least four years.
Pass a pretty difficult bar exam.
Find a job, learn even more, get experience.
Climb your way up the ranks to become a lawyer.
Earn shitloads of money.
Can't turn off an ![Elephant | [mastadon]](https://codeproject.global.ssl.fastly.net/script/Forums/Images/elephant.gif) ing filter that your 4-year old turned on.
That's not criticism, I simply acknowledge the struggle 
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Haha! That's exactly what a cat would say!
I am not fooled!  
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Higher education doesn't cover everything.
Sign in our lab:
OK, so you have a PHD. Don't touch anything.
If you can keep your head while those about you are losing theirs, perhaps you don't understand the situation.
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Ha, ha, ha ... a good one  , BTW what is a cat filter ... 
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yep .. was a joke of mine but thanks anyway
I would use a word such as "avatar"
"my cat avatar" sounds neat
cheers
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Ha..
Now you get to laugh at both your joke and me.
Sounds like a win! 
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No ... it is against my rules to joke about persons ... absolutely,
I prefer teaming-up... ,
Cheers, have a good day
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A lawyer kitten; that's a new one.
Think he's a law abiding kittizen?
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With all the current interest in cryptocurrency, it made me think (again) about its intrinsic value ... and it brought back memories of when I first encountered "strange" currency in my youth: 8,000+ lb. Yapense stone "coins".
They even had their own "block chain": word of mouth.
Quote: an example to support the thesis that the value of some form of money can be assigned purely through shared belief in said value.
Rai stones - Wikipedia
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it.
― Confucian Analects: Rules of Confucius about his food
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What's the exchange rate of yapese to DogeCoin[^]?
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Were it only shared belief rather than imposed belief.
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Gerry Schmitz wrote: With all the current interest in cryptocurrency, it made me think (again) about its intrinsic value ..
Ah, my turn
Intrinsic, means the uses it has. Think wood, if you would; wood has some uses, and is always valuable; yes, there's supply and demand, but supply is plenty, and demand too. Its value is determined most by its uses.
Same goes for metals, ever since we went trough the bronze age. The stuff is usefull, creating demand. There was no demand before usage. Why bother with bronze if you're in the stone age?
The Spanish word for money is silver.
So, BitCoin. It's only plus is being rare and a lot of people piling into to it, afraid to miss out. Something like diseased Dutch Tulips (look it up).
It collapsed. It was rare, yes, and hence worth money in good times. But like art, in bad days, its use is determined by usage, and contrary to gold or silver, it has none.
Intrinsic value of BC is zero. It has no value, since it has no use outside trading. Gold and silver are money because they are valued like a resource equal to wood. We can do stuff with it. And the more uses, and the rarer it is, the higher the value.
Gold isn't money because it is money; it is a resource, rare, and with lots of uses; it does not chemically react with most other sh*t. And our bodies accept it as if it part of us (inflammation for anything else), which is why early dentists used it. It became money, because it easy everyone had a use for it, it easy to trade, and it easy to divide.
Silver same story; interacts with oxygen (it will "rust" and turn black), but it has more uses than say, copper. Silver kills bacteria for one. One of the best conductors too, outside gold. Hence, best USB cables have gold plated connectors; still a lot of silver in modern phones.
The most expensive resource we know, becomes money. All the rest is "fiat", paper promises. You know, promises like the government debt to ever repay those. Meaning, paying their debts (look up ours, or the one of the US) in resources. Imagine that debt in value of wood. There's not enough wood on this planet. In theory, all the great nations bankrupt in terms of wood. Or eggs. Or cheeseburgers.
BC is great, from a trader perspective; everyone wants one. But it has no intrinsic value outside being rare. As is art. It's rare. And has no value in a war, since all it has is trade-value no intrinsic (real) value.
Yes, studied the subject for some years, just like software. If it has no real world-use, it has no real value during a war. That doesn't mean that it wouldn't have, just means market prices don't apply. You may be forced to sell well below value; but during wars that also applies to gold. And wood.
..and iron. Coal. Anything that has any real use in the real world. So BC is a step up on art and "fine" wine.
Bastard Programmer from Hell 
"If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.
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Quote: Intrinsic, means the uses it has.
That's as far as I got.
(Intrinsic: naturally; essential.)
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it.
― Confucian Analects: Rules of Confucius about his food
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Which is all you need to know; during war, eggs are currency.
Art isn't.
Bastard Programmer from Hell 
"If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.
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I hesitate to quibble, because if 100 people wrote a post about money, yours would be one of the best.
Gold doesn't actually have many uses, certainly not compared to silver. It is valued more for its beauty. Platinum has more uses than gold, and is also scarcer, yet its price has been less than gold for a while now.
It was Aristotle who first described the attributes that make for good money:
- Durable, which rules out things that rot or rust.
- Convenient, which rules out things that weigh too much compared to their value.
- Consistent, which rules out things like real estate.
- Divisible, which rules out things like artwork.
- Valuable, which rules out things like paper.
Value is ultimately subjective, not intrinsic. This explains why Yap stones were used as money. That culture valued them for some reason, maybe because they could only be moved by someone who could summon lots of workers.
Scarcity should be added to the list, to rule out money that can be conjured out of nothing, like the numbers in a bank account. We use the money that we do only because we're forced to by legal tender laws. Aristotle never anticipated a system that unethical.
If you evaluate BTC on the basis of all these attributes, it passes them all except having a history of being valuable. But that's the one attribute that is largely subjective, so it will be interesting to see how it plays out.
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