This blog is in response to a comment thread here: https://bitcointalk.org/index.php?topic=25482.60
First thought is more of a reaction to studying environmental ethics. There is no such thing as intrinsic value. Value is determined as part of the economic calculation and it is always measured relative to something.
A good read on the subject of denationalized currency is Hayek’s “Denationalization of Money” Available here:
http://mises.org/books/denationalisation.pdf Continue reading