Objectivism & the illusion of currency?
cryptocurrency is literally NOTHING, a promise based on the integrity of a mathematical algorithm.
By definition Crypto means"
noun, plural cryp·tos.
a person who secretly supports or adheres to a group, party, or belief.
adjective
secret or hidden; not publicly admitted:
Objectivism is the idea that human knowledge and values are objective: they exist and are determined by the nature of reality, to be discovered by one's mind, and are not created by the thoughts one has.
Peikoff, Leonard (1991). Objectivism: The Philosophy of Ayn Rand.
A=A
Value for Value
So how is it a philosophy based on the tangible and observable can embrace such a vacuous idea for currency? Money being the physical representation of a persons labor, his/her sole property to do with what he or she wish's for his/her sole benefit. How does one give his "value" away for nothing or at best potential from nothing?
Granted the dollar isn't worth much if anything these days. Even so, if worse comes to worst you can wipe your ass with a dollar bill, you can smelt and reshape coins for whatever purpose you have. You can compost paper money to help grow food? Knock $10 worth of smelted quarters into some weak nails or a spoon?
What do can you do with cryptocurrency when it is 'considered' pass'e by the masses? When governments feel too threatened by another competing illusion of wealth (value) and filters out all the supporting protocols for the "currency" 1's & 0's from routers and servers around the globe of those "artists" they don't prefer (or who care not to share)?
What happens when you alone no longer are permitted access to your digital funds or your fund's algorithm gets rendered obsolete by the next version of super computer and your $10k cypto stockpile is worth absolutely nothing?
I get being frustrated with things are they are.But a recent conversation has me wondering if the whole **cking world has gone insane.
By definition Crypto means"
noun, plural cryp·tos.
a person who secretly supports or adheres to a group, party, or belief.
adjective
secret or hidden; not publicly admitted:
Objectivism is the idea that human knowledge and values are objective: they exist and are determined by the nature of reality, to be discovered by one's mind, and are not created by the thoughts one has.
Peikoff, Leonard (1991). Objectivism: The Philosophy of Ayn Rand.
A=A
Value for Value
So how is it a philosophy based on the tangible and observable can embrace such a vacuous idea for currency? Money being the physical representation of a persons labor, his/her sole property to do with what he or she wish's for his/her sole benefit. How does one give his "value" away for nothing or at best potential from nothing?
Granted the dollar isn't worth much if anything these days. Even so, if worse comes to worst you can wipe your ass with a dollar bill, you can smelt and reshape coins for whatever purpose you have. You can compost paper money to help grow food? Knock $10 worth of smelted quarters into some weak nails or a spoon?
What do can you do with cryptocurrency when it is 'considered' pass'e by the masses? When governments feel too threatened by another competing illusion of wealth (value) and filters out all the supporting protocols for the "currency" 1's & 0's from routers and servers around the globe of those "artists" they don't prefer (or who care not to share)?
What happens when you alone no longer are permitted access to your digital funds or your fund's algorithm gets rendered obsolete by the next version of super computer and your $10k cypto stockpile is worth absolutely nothing?
I get being frustrated with things are they are.But a recent conversation has me wondering if the whole **cking world has gone insane.
