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Comment by ryanmonroe

> Investments need to have intrinsic value.

> there’s no value in any particular set of random numbers

What is the "intrinsic value" in e.g. an iPhone? Would that value exist without humans? I would say no, it only has value because people are willing to pay for it. So I'm left wondering what principled distinction you can draw between a particular set of random numbers and a particular arrangement of metal and glass, both of which people want, to determine that one has intrinsic value and one does not.

parent ryanmonroe 8 years ago

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