https://www.radiofreemobile.com/crypto-picks-and-shovels/ To entertain as well as inform Fri, 18 Apr 2025 06:25:09 +0000 hourly 1 https://wordpress.org/?v=4.9.26 https://www.radiofreemobile.com/crypto-picks-and-shovels/#comment-8547 Tue, 11 May 2021 07:40:36 +0000 http://www.radiofreemobile.com/?p=8337#comment-8547 sounds like we are in violent agreement…I think some coins will survive but 99%+ go to the wall. The coins may have value in the future but I am far from convinced there is any today…

]]> https://www.radiofreemobile.com/crypto-picks-and-shovels/#comment-8540 Mon, 10 May 2021 16:09:27 +0000 http://www.radiofreemobile.com/?p=8337#comment-8540 “…they have no intrinsic value” – that’s because nothing has “intrinsic value” – all value judgments are subjective. The theoretical problems involving value and utility that bedeviled classical economics were solved independently by Menger, Jevons and Walras in 1873.
The coins or tokens underlying various blockchains have a wide range of functions and value propositions. The market will have no problem in sorting them out and assign prices that properly reflect them. At the moment bubble conditions prevail, but that is due to central banks printing money like crazy. Eventually a shakeout will come and the most useful coins will survive.

]]>