Transaction

f2b4deee3e4e6bb00d71b9bb3469ca27344b6d7f9968af1cee7d3f8dbbc8f01e
Timestamp (utc)
2024-03-23 20:49:07
Fee Paid
0.00000023 BSV
(
0.02384019 BSV
-
0.02383996 BSV
)
Fee Rate
10.18 sat/KB
Version
1
Confirmations
98,450
Size Stats
2,259 B

2 Outputs

Total Output:
0.02383996 BSV
  • j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckM×<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=57.msg400#msg400">Quote from: Suggester on February 18, 2010, 09:19:23 PM</a></div><div class="quote">No. Gold was synonymous to "money". Things were valued for how much gold they were worth, not vice versa. </div><br/>In school, they taught us (i.e. me) that a good's <del>value</del> price is based solely on what people can exchange it for. &nbsp;They also taught us that a good's value was <i>not</i> determined by how much labor went into the good.<br/><br/>We were essentially told that if one camel is worth 50 gold dinars, then 50 gold dinars is also worth one camel. &nbsp;Or something to that effect.<br/><br/>If this is the case, then the cost of producing bitcoins would only a be a factor in, not a determinant of, their value.<br/><br/>Did I understand the lesson correctly?<br/><br/>_______________________________________________________________________________<span style="width: 0; margin: 0 -0.6ex 0 -1px;"> </span>______________________________<br/>On the general topic of whether bit-coin will/will not be successful--I don't really know. &nbsp;I act as though I am a "bitcoin defender" but this is mostly because I am excited about the new currency and want to support it, not because I know enough about economics to predict it's eventual usefulness. &nbsp;<br/><br/>I would very much like to see people who dislike bitcoin's design organize and code alternative currencies that inflate according to a monetary rule, or have the built in safeguards you described. &nbsp;That way, the market will eventually choose the best currency as people move towards the good ones and away from the bad. &nbsp;<br/><br/>I am not sure if bitcoin's creators will be convinced to implement the changes you recommend--but i think you are very likely to find people who agree with your plan for a better encrypted digital currency and will help you modify or re-write bitcoin's source to make it happen.</div> text/html
    https://whatsonchain.com/tx/f2b4deee3e4e6bb00d71b9bb3469ca27344b6d7f9968af1cee7d3f8dbbc8f01e