Message from @Hooty
Discord ID: 512077292747489286
Then it is subjective
if I have a dollar and you have a dollar, can we both buy something that is one dollar?
yes
then that is objective value
you have set a base
a backing
But the value of that object is subjective
that doesn't come into it
yes
you said yourself, you can use your money for whatever you want
You can't argue with someone who thinks private property and personal property is the same @DA GOMMIE JOO
Maybe I don’t want to buy anything with the dollar
Maybe I want to save it and buy something more expensive that does have value to me
that doesn't change the fact that you can do it if you choose
it's not about what you want
it's about what is capable
The thing purchased may not have value to me
With the single dollar
(can't believe I'm about to say this)
facts don't care about your feelings
So now you are getting into utility function
Feels>>>reals poster spotted
the dollar is designed to be a universal indicator of value
the whole point of a dollar is that it has value
all things have a dollar price
$1 million could be worth nothing to me
If I am rich
but does the bank care?
Therefore you could give it to those who need it
Do you understand?
if you deposit that one million, does the bank get a deposit of 0 dollars?
Yeah, my social standing among other people could be worth more, so I could give it to those in need to boost that
can you just take a loaf of bread if it means nothing to you?
Redistribution of wealth
walk into a grocery store tonight and take something that you don't need or want
you're still going to get arrested for taking something that is worth a certain amount of currency
our entire system is built on the idea that a dollar has a certain value
if the dollar's value changed, then it would be impossible to buy or sell anything
Maybe I’m allergic to bread
because nobody would agree on prices
You never know what my values are
that's
*not*
***relevant***
Only I do