RE: Proof of Stake Coins as (almost) free way to multiply your holdings.

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Proof of Stake Coins as (almost) free way to multiply your holdings.

in mining •  7 years ago  (edited)

Value is set by the price people are willing to pay for a product and not by the amount of work done or hours worked.

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      ·  7 years ago (edited)

    No. The labor theory of value is better, because that measures what it takes to produce an object. The true value of an object lies in the amount of socially necessary labor it takes to create it.

    You are thinking of the price, not the value.

    This explains it well:
    https://www.marxists.org/archive/marx/works/1847/wage-labour/

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