Bitcoin is the bourgeoisie investing their surplus value into a system that promises to once and for all provide a source of value that isn't based on human labor.
Even reading Wealth of Nations would be enough to discount this garbage. Smith alludes many times to the fact that labor creates value and commodity prices are merely an abstraction of the labor it took to make them represented in the form of another commodity (gold/silver).
Marx definitely explains in detail why machinery and means of production are incapable of generating value no matter how intricate they are.
Bitcoin is the bourgeoisie investing their surplus value into a system that promises to once and for all provide a source of value that isn't based on human labor.
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Not if humanity is to continue existing lol, it's like plugging a power strip into itself and claiming you're generating infinite power.
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Even reading Wealth of Nations would be enough to discount this garbage. Smith alludes many times to the fact that labor creates value and commodity prices are merely an abstraction of the labor it took to make them represented in the form of another commodity (gold/silver).
Marx definitely explains in detail why machinery and means of production are incapable of generating value no matter how intricate they are.
Also, read Value, Price, and Profit.
NFTs are being made by robots and selling for 100's of thousands as we speak.